In Tokyo trading on the morning of the 28th, USD/JPY held up after rising to ¥158.04 at one point and then falling to ¥157.76. Dollar buying returned thereafter, and the pair continued to trade in the upper ¥157 range.
In Tokyo trading on the morning of the 28th, USD/JPY briefly rose to ¥158.04 before falling to ¥157.76 on selling near the key level. The day's trading range was ¥157.79–¥158.04, while EUR/JPY traded between ¥175.956 and ¥175.85, and EUR/USD between 1.1120 and 1.1132.
Yen buying was reportedly limited partly because of comments from the Takaichi administration warning against yen depreciation. USD/JPY continued to hold up, with the pair reportedly remaining within a range-bound trading pattern.