In European trading, dollar-yen pared its gains, while euro-dollar and euro-yen staged modest recoveries. Dollar buying temporarily retreated against the backdrop of elevated U.S. long-term interest rates, and the market is growing increasingly wary of the possibility of coordinated Japan-U.S. intervention.
In European trading, dollar-yen lost momentum, rising to ¥158.45 before falling to around ¥158.10.
Euro-dollar recovered from the ¥1.1260 range to around ¥1.1290, while euro-yen rebounded from ¥178.40 to the ¥178.60 range.
The trading ranges so far were ¥157.16–¥158.45 for dollar-yen, ¥178.41–¥179.04 for euro-yen and 1.1265–1.1304 for euro-dollar.