The dollar-yen exchange rate held in the ¥158 range in Tokyo trading on the afternoon of the 8th, reaching a high of ¥158.28. It has traded between ¥157.59 and ¥158.28.
The dollar-yen exchange rate remained firm in Tokyo trading on the afternoon of the 8th, holding in the ¥158 range while avoiding extreme moves. The intraday high was ¥158.28, with downside limited. The trading range was ¥157.59 to ¥158.28.
The US 10-year Treasury yield recovered to around 5.32%, supporting dollar buying. NYMEX WTI crude futures recovered to the $90 range per barrel, contributing to activity in the dollar market.
As indicators of major currency movements, the euro-yen exchange rate traded in a range of ¥176.53 to ¥177.31, while euro-dollar traded in a range of $1.1193 to $1.1213.
The day's market movements were reported as short-term moves in the Tokyo market, with the market awaiting further updates.