In Tokyo trading on the morning of the 12th, dollar-yen was pushed up as high as ¥158.40 before falling to ¥158.17. The US 10-year Treasury yield traded in the 5.24% range, while NY crude oil futures moved in the $90 range.
In Tokyo trading, dollar-yen was soft early on amid continued light trading, but rose as high as ¥158.40 during the morning session.
Selling then gained the upper hand, sending it down to ¥158.17, after which it remained within the range toward the end of the session. Euro-yen traded around the mid-¥177 range, while euro-dollar formed a $1.1193–$1.1205 range.
US market factors included the US 10-year Treasury yield remaining broadly in the 5.24% range and NY crude oil futures (WTI) falling into the $90 range, both of which provided reasons to sell the dollar.
The day's trading ranges were ¥158.17–¥158.40 for dollar-yen, ¥177.18–¥177.35 for euro-yen, and $1.1193–$1.1205 for euro-dollar.