USD/JPY was firm in the Tokyo market on the afternoon of the 9th, standing at ¥158.33 at 17:00, up about ¥0.17 from the previous level. EUR/JPY also remained firm, with gains in cross-yen pairs standing out.
USD/JPY was firm in the Tokyo foreign exchange market on the 9th, with the rate at ¥158.33 at 17:00, about ¥0.17 above the ¥158.16 level at 15:00. It rose to ¥158.38 at one point as European participants entered the market, edging above the previous day’s high of ¥158.37. EUR/JPY was also up about ¥0.19 from the previous level at ¥177.83, approaching the day’s high of ¥177.87. Cross-yen pairs were broadly firm.
EUR/USD was at $1.1231, with no major change from surrounding levels, and trading was centered on yen-related transactions. The decline in French 10-year bond yields limited its impact on the euro, while trading was driven mainly by factors contributing to yen weakness.
As reference ranges so far today, USD/JPY was quoted at ¥157.76–158.38, EUR/USD at $1.1209–1.1243, and EUR/JPY at ¥176.91–177.87.
Against this backdrop, market participants around 22:00 were monitoring whether the yen’s weakening trend would continue and the impact of gains in European equities.