In the Tokyo market on the afternoon of the 26th, dollar-yen held steady after declining and recovered somewhat from its morning low. Asian stocks, including the Nikkei, narrowed their losses, while the U.S. 10-year Treasury yield fell to the 4.96% range.
In the Tokyo market, dollar-yen traded in a range of ¥156.65 to ¥157.21, continuing to hold steady after declining. Overall, risk-averse yen buying weakened. The currency market recovered somewhat in afternoon trading.
Euro-yen moved between ¥175.75 and ¥176.35, while euro-dollar traded between $1.1202 and $1.1227. Movements in Japanese and U.S. interest rates shaped the day's market sentiment.
The U.S. 10-year Treasury yield fell to the 4.96% range. As a result, dollar-yen's recovery was limited and the market traded rangebound overall.
During the day's trading, there were periods when losses in Asian stocks, including the Nikkei Stock Average, narrowed, as risk-averse moves eased.