The dollar fell at times in the New York market on lower U.S. Treasury yields, while dollar buying advanced in Tokyo, pushing dollar-yen into the ¥158 range. Euro-dollar rose, and euro-yen traded with the yen on a weakening trend.
In yesterday's New York market, the dollar fell against a backdrop of lower U.S. Treasury yields, with dollar-yen declining from the ¥158.30 range to ¥157.52. In the Tokyo market, it traded around ¥157.90 in the morning before dollar buying and yen selling emerged toward the fixing, lifting it into the ¥158.10 range. It was briefly sold down to the ¥157.70 range after the fixing, but the yen came under some selling pressure following comments by Prime Minister Takaichi, and dollar-yen reached ¥158.20 in the afternoon.
With dollar selling predominant, euro-dollar extended its gains to $1.1243 in the afternoon, rising from around $1.1210 in the Tokyo morning to the $1.1240 range in the afternoon. Dollar selling intensified during London trading hours, but there were also instances of a quick pullback, indicating caution about pursuing further gains.
With dollar selling predominant, pound-dollar rose from around $1.3230 in the morning to $1.3251 in the afternoon, exceeding the high in overseas markets.
Euro-yen rose from the ¥177.00 range to ¥177.71 in the afternoon as the euro was bought against the dollar and the yen weakened.
Pound-yen rose from the ¥208.40 range in overseas markets to ¥209.49 in the Tokyo afternoon.