In the Tokyo market on the afternoon of the 5th, dollar-yen struggled in the ¥158 range, with gains capped. The euro was affected by concerns over France's fiscal position and political uncertainty, although euro selling also showed signs of pausing.
In the Tokyo market on the afternoon of the 5th, dollar-yen rose to the ¥158.10 area before losing momentum and falling back toward ¥158. Euro selling driven by concerns over France's fiscal position and political uncertainty paused, which some analysts said capped the dollar's upside.
There have also been reports that dollar selling is likely to emerge around ¥158 amid caution over coordinated intervention by Japan and the United States. The trading ranges were ¥157.44–¥158.17 for dollar-yen, ¥176.40–¥177.81 for euro-yen and 1.1161–1.1261 for euro-dollar.