European FX: USD/JPY edges higher as dollar-buying trend continues

The story

USD/JPY edged higher in European trading, rising to ¥159.52. WTI crude oil rose into the mid-$82s per barrel. The US 10-year Treasury yield recovered to 4.70%.

EUR/USD fell below 1.1640, while EUR/JPY remained sluggish on the rebound.

The trading ranges so far were ¥159.28–¥159.52 for USD/JPY, ¥185.54–¥185.73 for EUR/JPY, and 1.1638–1.1643 for EUR/USD.

At a glance

Dollar-yenRose to ¥159.52

WTI crude oilRose into the mid-$82s

U.S. 10-year Treasury yieldRecovered to 4.70%

EUR/USDFell below 1.1640

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