In Tokyo on the 14th, USD/JPY was bought toward the fixing and briefly rose to around ¥158.50, but fell back in the afternoon as long-term US Treasury yields lost momentum, recovering to the lower ¥158 range. EUR/JPY was in the lower ¥177 range, while EUR/USD rose from 1.1196 to 1.1211.
USD/JPY recovered in the Tokyo market, rising as high as ¥158.51 as domestic buying dominated around the fixing. In the afternoon, the dollar came under selling pressure as long-term US Treasury yields and crude oil prices lost momentum, falling to ¥158.11 before recovering to the ¥158.40 range in the evening.
EUR/JPY fell from ¥177.59 to ¥177.22, while EUR/USD edged up from $1.1196 to $1.1211. The Nikkei 225 traded at a closing level of ¥67,744.29, down ¥33.23 from the previous day.
Among comments from senior officials, BOE Monetary Policy Committee member Pill was reported to have expressed skepticism about expectations for rate hikes, while ECB President Lagarde pointed to the diverse factors behind the persistence of elevated energy prices.
As for economic indicators, China's producer price index in September was up 5.0% year on year, while China's consumer price index was up 0.9% year on year.