In European trading on the 7th, dollar-yen held at ¥158.31 as of 20:00, up approximately ¥0.21 from ¥158.10 at 17:00. Cross-yen moves paused against a backdrop of rising long-term US yields. Euro-dollar was at $1.1191 and euro-yen had recovered to ¥177.17, while the day’s ranges were 157.85-158.51 for dollar-yen, 1.1179-1.1263 for euro-dollar and 176.55-178.30 for euro-yen.
In the European FX market on the 7th, dollar-yen held firm, standing at ¥158.31 as of 20:00, approximately ¥0.21 above ¥158.10 as of 17:00. The US 10-year Treasury yield in off-hours trading rose to the 5.33% range, and dollar-yen recovered toward dollar strength and yen weakness around ¥158.35.
Euro-dollar stopped falling and stood at $1.1191 as of 20:00. It fell to $1.1179 amid selling in European bonds on concerns over deteriorating French public finances, but the subsequent buying was limited and it continued to move below $1.12.
Euro-yen also held firm, at ¥177.17 as of 20:00. It rebounded with support from dollar-yen’s yen-weakening trend, recovering toward euro strength and yen weakness around ¥177.30.
The reference ranges so far today were ¥157.85-¥158.51 for dollar-yen, $1.1179-$1.1263 for euro-dollar and ¥176.55-¥178.30 for euro-yen.