In the Tokyo market on the morning of the 6th, USD/JPY edged up to around ¥158. The trading range was ¥157.77–¥158.05, while EUR/JPY remained within a ¥177.03–¥177.33 range and EUR/USD within a 1.1212–1.1231 range.
In the Tokyo market on the morning of the 6th, USD/JPY moved slightly higher, recovering from ¥157.77 to ¥158.05. Although the US 10-year Treasury yield lost momentum, it remained at a high level, supporting the dollar’s firmness.
The projected ranges for the day were ¥157.77–¥158.05 for USD/JPY, ¥177.03–¥177.33 for EUR/JPY, and 1.1212–1.1231 for EUR/USD.
As for remarks by officials, US Treasury Secretary Bessent was reported to have indicated that underlying core inflation is expected to fall to around 2.3%. Views were also expressed that developments in mortgage rates would be linked to the resolution of the situation in Iran.