In Tokyo trading on the afternoon of the 21st, dollar-yen rebounded to the mid-¥158 range and showed resistance to further declines. US 10-year Treasury yields and crude oil prices remained firm, encouraging renewed dollar buying.
In Tokyo trading on the afternoon of the 21st, dollar-yen recovered somewhat to around ¥158.20, partially retracing its previous decline.
The trading ranges were ¥158.03–¥158.39 for dollar-yen, ¥177.44–¥177.88 for euro-yen, and $1.1222–$1.1236 for euro-dollar.
US 10-year Treasury yields and crude oil prices remained firm, reportedly supporting renewed dollar buying.
The euro was soft against sterling and the Australian dollar, while euro-yen continued to hold up relatively well with dollar-yen in focus.