Tokyo FX: USD/JPY remains soft

In the Tokyo market on the morning of the 8th, USD/JPY turned lower from a range-bound market in the lower ¥154 area, falling as far as ¥153.60. EUR/JPY briefly fell below ¥179 before moving lower, while EUR/USD traded in a range of 1.1619 to 1.1631.

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The story

In the Tokyo market on the morning of the 8th, USD/JPY turned lower from early-morning range-bound trading in the ¥154.30 area, subsequently falling as far as ¥153.60. EUR/JPY rose to the ¥179 area before moving lower, while EUR/USD moved from 1.1619 to 1.1631.

The trading ranges so far were ¥153.60 to ¥154.37 for USD/JPY, ¥178.66 to ¥179.44 for EUR/JPY, and 1.1619 to 1.1631 for EUR/USD.

At a glance

Dollar-yen movementUSD/JPY fell from a range-bound market in the ¥154 area, briefly reaching ¥153.60.

Trading rangesUSD/JPY traded between ¥153.60 and ¥154.37, EUR/JPY between ¥178.66 and ¥179.44, and EUR/USD between 1.1619 and 1.1631.

Relative performanceThe yen was seen strengthening against both the dollar and the euro.

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