The dollar-yen pair traded narrowly in the Tokyo market on the afternoon of the 25th, with prices continuing to move around ¥158. Despite high US long-term interest rates, market cues were scarce and markets remained in wait-and-see mode. The euro-yen pair traded around ¥180, while the euro-dollar pair ranged from 1.1368 to 1.1382.
The dollar-yen pair moved around ¥158.40 in the Tokyo market on the afternoon of the 25th, with the range largely holding between ¥158.28 and ¥158.92. The euro-yen pair traded from ¥179.98 to ¥180.76, while the euro-dollar pair ranged from 1.1368 to 1.1382.
With the US 10-year Treasury yield remaining high, market cues in the foreign exchange market were scarce and conditions continued to lack catalysts for further dollar buying. Reports that the Trump administration was concerned about yen depreciation also led to speculation that market conditions remained favorable to yen buying.