Dollar-yen rangebound, with both the yen and dollar broadly weaker: Tokyo morning FX overview

USD/JPY moved narrowly in the low ¥158s during Tokyo morning trading. It firmed toward around ¥158.52 amid reports that the Bank of Japan would hold off on a rate hike this month, but the move was limited, while a broadly weaker yen and dollar trend prevailed.

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The story

USD/JPY moved narrowly in the low ¥158s during Tokyo morning trading and firmed toward around ¥158.52 amid reports that the Bank of Japan would hold off on a rate hike this month, although the price move was limited. Against major currencies, yen selling and dollar selling stood out, leaving USD/JPY without a clear direction.

EUR/USD rose to around 1.1209, GBP/USD to around 1.3270 and AUD/USD to around 0.6999, with dollar selling prevailing.

EUR/JPY moved toward around ¥177.59, GBP/JPY toward around ¥210.22 and AUD/JPY toward around ¥110.83 as the yen weakened.

At a glance

TimingTokyo morning trading session

TradingUSD/JPY moved narrowly in the low ¥158s, firming toward around ¥158.52

CurrencyEUR/USD around 1.1209, GBP/USD around 1.3270, AUD/USD around 0.6999

Yen exchange rateEUR/JPY around ¥177.59, GBP/JPY around ¥210.22, AUD/JPY around ¥110.83

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