As of 12:00 in the Tokyo market, USD/JPY had fallen to 156.73 yen, about 0.14 yen below the previous New York close of 156.87 yen. EUR/JPY was 175.87 yen and EUR/USD was 1.1221 dollars, both showing a modest recovery.
As of 12:00 in the Tokyo market, USD/JPY stood at 156.73 yen, about 0.14 yen below the New York market close. The decline after the Tokyo fixing and the fall in the US 10-year Treasury yield to the 4.96% range weighed on the pair.
Meanwhile, EUR/JPY moved toward a stronger yen, standing at 175.87 yen as of 12:00, while EUR/USD was at 1.1221 dollars, indicating a euro gain of about 0.0019 dollars. The pair also showed signs of returning toward the upper end of the morning range.
The reference ranges through today are USD/JPY at 156.65-157.22 yen, EUR/USD at 1.1201-1.1227 dollars, and EUR/JPY at 175.72-176.35 yen.