In Tokyo trading on the 7th, USD/JPY moved lower from the ¥156 range in early morning trading, reaching the ¥154 range by evening as oil prices and the dollar weakened. EUR/JPY declined from the lower ¥180 range, while EUR/USD moved higher.
In Tokyo trading on the 7th, USD/JPY reached ¥156.28 in early morning trading before moving lower. Toward evening, the trend of lower oil prices and a weaker dollar intensified, with the dollar falling to around ¥154.30. EUR/JPY declined from ¥180.48 to ¥179.70, while EUR/USD edged higher from $1.1607 to $1.1631.
The Nikkei Stock Average opened at ¥65,600.42 and closed at ¥66,399.84, up ¥1,378.90 from the previous trading day. Among economic indicators, Japan’s July leading CI index was 117.9, versus a forecast of 118.0 and a previous reading of 116.5. The July coincident CI index was 120.6, compared with a forecast of 120.3 and a previous reading of 118.5.
Germany’s industrial production fell 1.1% month on month in July, down from the previous figure of +0.2%. There were no notable remarks by policymakers, and market developments will continue to be closely watched.
Related reports also covered movements in the Nikkei Volatility Index, trends in stocks related to the Tokyo Stock Exchange, and efforts to correct the yen’s depreciation.