European FX: USD/JPY edges higher as dollar buying continues (FISCO)

The story

USD/JPY edged higher in European trading as dollar buying continued. The dollar climbed to ¥158.37, while the U.S. 10-year Treasury yield rose into the 4.83% range.

European currencies fell against the dollar but remained firm against the yen. Despite the latest moves, yen-buying pressure has not eased, alongside declines in large-cap stocks.

The trading ranges were ¥157.78–¥158.37 for USD/JPY, ¥176.50–¥176.97 for EUR/JPY and $1.1167–$1.1192 for EUR/USD.

At a glance

TimingPosted 11/6 at 19:23

LevelUSD/JPY rose to ¥158.37

RangeUSD/JPY trading range: ¥157.78–¥158.37

MetricU.S. 10-year Treasury yield rises to the 4.83% range

Range 2EUR/JPY: ¥176.50–¥176.97

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