【Featured Topics: Market Conditions and Overview】Tokyo FX: USD/JPY rebounds, edges higher in late afternoon

The story

In the Tokyo market on the 12th, USD/JPY reversed course, falling temporarily to 158.07 before recovering in the afternoon on renewed dollar buying and breaking above 158.48 in the evening. EUR/JPY rose from 177.18 to 177.56. The Nikkei Stock Average was closed, with no trading.

At 5 p.m., USD/JPY was trading at 158.40-50 and EUR/JPY at 177.50-60. EUR/USD fell from 1.1217 to 1.1193.

At a glance

Currency TrendsUSD/JPY reversed course, recovering after falling to 158.07

Nikkei trendThe Nikkei Stock Average was closed, with no trading

Euro-Yen TrendsEUR/JPY rose from 177.18 to 177.56

European and U.S. MarketsEUR/USD fell from 1.1217 to 1.1193

Midday levelAt 5 p.m., USD/JPY was at 158.40-50 and EUR/JPY at 177.50-60

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