USD/JPY showed a sluggish rebound in the New York market on the 25th, standing at ¥157.20 at 2:00 a.m. Although it was about 6 sen higher than at 24:00, the pair fell below the rebound high around the mid-¥157 range, with caution over a correction of yen depreciation weighing on the market.
USD/JPY showed a sluggish rebound in the New York foreign exchange market on the 25th. The rate was ¥157.20 at 2:00 a.m., only slightly above the ¥157.14 level at the previous time point, while the rebound remained weak near the lows in the low-¥157 range. The decline in 10-year U.S. Treasury yields also weighed on the market.
EUR/JPY remained capped in the low-¥179 range. It stood at ¥179.09 at 2:00 a.m., about 9 sen lower than the ¥179.18 level at 24:00, and continued to face upside pressure amid broad-based yen strength. With the USD/JPY rebound sluggish, the pair remained within the low-¥179 range.
EUR/USD moved little. It stood at $1.1392 at 2:00 a.m., versus $1.1402 at 24:00, remaining broadly flat and limited to minor fluctuations around $1.14.
The reference ranges through today were ¥156.94-¥158.95 for USD/JPY, $1.1368-$1.1411 for EUR/USD and ¥178.92-¥180.85 for EUR/JPY.