【Market Focus: Market Conditions and Overview】Euro FX: The dollar-yen pair edges higher, approaching ¥158

Dollar/yen edged higher in European market trading, rising to ¥157.96 and approaching ¥158. The rise in the US 10-year Treasury yield is prompting buying of the dollar.

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The story

Dollar/yen edged higher in European market trading, rising to ¥157.96. The report said it approached ¥158.

Euro/dollar recovered to $1.1220 but then reportedly lost some momentum, while euro/yen extended its gains to ¥177.15.

The trading ranges so far were reported as ¥157.57 to ¥157.96 for dollar/yen, ¥176.44 to ¥177.15 for euro/yen and $1.1195 to $1.1220 for euro/dollar.

At a glance

Information as of the time of tradingIn European market trading at 19:16 JST, dollar/yen rose to ¥157.96.

USD/JPY rangeDollar/yen had traded in a range of ¥157.57-¥157.96.

EUR/JPY rangeEuro/yen traded in a range of ¥176.44-¥177.15.

EUR/USD levelEuro/dollar traded in a range of $1.1195-$1.1220.

Interest-Rate ImpactThe report said that the rise in the US 10-year Treasury yield prompted buying of the dollar.

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