USD/JPY was soft in the Tokyo market, falling to ¥158.06 as dollar selling continued in the afternoon. The trading range was ¥158.06–¥158.60, EUR/JPY was ¥177.52–¥177.91, and EUR/USD was 1.1211–1.1235.
USD/JPY traded softly in Tokyo on the 20th, moving around the mid-¥158 range in the morning. Dollar selling intensified in the afternoon, sending the pair down to ¥158.06.
The day’s main trading ranges were ¥158.06–¥158.60 for USD/JPY, ¥177.52–¥177.91 for EUR/JPY, and $1.1211–$1.1235 for EUR/USD.
Market participants judged that movements in US long-term interest rates and falling crude oil prices prompted dollar selling.
As of 16:15 JST, reports indicated that dollar selling continued in the afternoon and that overall downward pressure on the dollar remained.