The yen took center stage in the London market, while the dollar moved slightly lower. EUR/USD extended its high to around 1.161, and GBP/USD rose to around 1.3503.
Yen strength came to the fore in early London trading, while the dollar market tilted toward a weaker dollar. EUR/USD rose to the day’s high around 1.161, while GBP/USD climbed to near 1.3503.
USD/JPY rebounded to the 156.70 range, and reports suggest that the rapid yen-strengthening move has paused for now. Specifically, USD/JPY was reported at around 156.76, while other major currency pairs also showed relatively broad-based dollar weakness.
Related indicators were recorded at 1.1605 for EUD/USD, 1.3492 for GBP/USD and 156.76 for USD/JPY, providing a snapshot of conditions during the London FX session.