In Tokyo trading on the 19th, USD/JPY remained soft, with dollar selling continuing in the afternoon against a backdrop of lower oil prices and declining U.S. long-term yields. EUR/JPY moved into the lower ¥184 range, while the Nikkei Average closed at ¥65,326, down ¥2,134.
In Tokyo trading on the 19th, USD/JPY remained soft, with selling continuing after it reached 159.64 in early morning trading. The decline in oil prices and lower U.S. long-term yields were seen as adding to downward pressure on the dollar.
Dollar selling continued in the afternoon, with USD/JPY briefly falling to the 159.10 range. Meanwhile, EUR/JPY edged up from 184.79 to 184.47, while EUR/USD rose from 1.1570 to 1.1604.
The Nikkei Average ended trading at an opening level of ¥66,812.27, a high of ¥66,833.51, a low of ¥65,133.98 and a close of ¥65,326.42, down approximately ¥2,134 from the previous business day. As of 5:00 p.m., USD/JPY was trading around ¥159.10 and EUR/JPY around ¥184.60.