Dollar-yen held up in European trading, while its rebound was capped. After falling to ¥154.05 toward evening, it traded in the ¥154.40 range. Lower oil prices and movements in U.S. long-term interest rates capped the dollar's rebound, while major currencies could lose ground against the dollar.
In European foreign exchange trading, dollar-yen held up after falling to ¥154.05 toward evening. It subsequently traded in the ¥154.40 range.
There were periods when a pause in movements in oil prices and U.S. long-term interest rates prompted some dollar buying, but the rebound was limited.
Major currency pairs showed signs of losing momentum against the dollar, and no clear factor supporting a dollar rebound was identified.
The trading ranges to date were ¥154.05–¥155.57 for dollar-yen, ¥179.22–¥180.82 for euro-yen and $1.1620–$1.1635 for euro-dollar.