USD/JPY held in the ¥157 range in the Tokyo market on the afternoon of the 26th. Yen buying receded, while higher oil prices and movements in Dow futures influenced trading.
USD/JPY returned to the ¥157.10 range in the Tokyo market on the afternoon of the 26th and remained in the ¥157 range thereafter. The trading range was ¥156.65–157.21.
US Dow futures were firm in after-hours trading, and yen buying receded amid expectations of higher stock prices in the US session tonight.
The dollar strengthened as higher oil prices prompted dollar buying. EUR/JPY was capped around ¥176, while EUR/USD formed a ¥1.1202–1.1227 range.
The movements in EUR/JPY and EUR/USD may also have affected the dollar's direction.