In European trading, dollar-yen rebounded from the latter half of the ¥153 range to the ¥154 range, showing resilience. Declines in crude oil prices and long-term US yields have been limited, supporting dollar buying, while expectations of faster monetary tightening by the Bank of Japan continued to influence the yen.
In European trading, dollar-yen moved in a range of ¥153.73 to ¥154.28. The pair was prone to renewed dollar buying.
Euro-yen moved between ¥177.86 and ¥179.44, while euro-dollar traded between 1.1608 and 1.1616.
Declines in crude oil prices and long-term US yields have been limited, providing support for the dollar, while expectations that the Bank of Japan will accelerate monetary tightening are maintaining a backdrop favorable to yen buying.