European FX: USD/JPY soft, yen buying continues | By Fisco

The story

During European trading, USD/JPY generally moved in a range of ¥156.85 to ¥157.26, with reports pointing to dollar weakness. Market participants are focused on the strength of yen buying, and some observers say this is limiting corrective moves.

At the same time, EUR/JPY traded between ¥176.21 and ¥176.66, falling to the mid-¥176 range. Reports say the decline in EUR/JPY is driving declines across the yen crosses.

At a glance

TransactionUSD/JPY traded in a range of ¥156.85–¥157.26

TypeReports indicate that yen buying is continuing

TransactionEUR/JPY traded in a range of ¥176.21–¥176.66

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Reference information generated from public sources. It does not solicit or advise on investments. Prices are 15-minute delayed.