USD/JPY was range-bound at ¥159.41 in the Tokyo market as of 8:00. Trading was slightly below the previous day's New York close, with resistance around the key mid-¥159 level in focus, while attention is on moves to test yesterday's high of ¥159.60.
In the Tokyo foreign exchange market on the 18th, USD/JPY stood at ¥159.41 as of 8:00, approximately ¥0.05 below the New York close of ¥159.46. Trading remained range-bound in the ¥159.40 area, with attention focused first on whether the pair would test the previous high of ¥159.60. EUR/JPY was also lower by approximately ¥0.09 at ¥184.58 compared with the New York close of ¥184.67, trading range-bound around ¥184.60. The market is now awaiting the full participation of domestic Japanese players.
Meanwhile, EUR/USD stood at $1.1579 as of 8:00, approximately $0.0001 below the New York close of $1.1580, with limited movement around the previous day's close. The reference ranges so far today are ¥159.30−¥159.50 for USD/JPY, $1.1578−$1.1586 for EUR/USD, and ¥184.50−¥184.76 for EUR/JPY.