European FX: Dollar-yen recovery remains sluggish as dollar selling pauses

In European trading, dollar-yen showed little recovery and dollar selling paused. Euro-dollar edged down from around $1.14, while yen buying remained limited.

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The story

In European trading, dollar-yen moved sideways in the ¥157.70 range, trading between ¥157.61 and ¥158.29 during the session, while euro-yen ranged from ¥179.50 to ¥180.29.

Dollar selling paused as US long-term yields and oil prices held firm, while euro-dollar edged down within a range of $1.1387 to $1.1400.

Meanwhile, yen buying continued following remarks by US President Trump warning against further yen depreciation, limiting the recovery of major currencies.

At a glance

LevelDollar-yen traded in a range of ¥157.61 to ¥158.29

RangeEuro-yen ranged from ¥179.50 to ¥180.29

LevelEuro-dollar: $1.1387–$1.1400

FactorDollar selling paused as US long-term yields and oil prices held firm, while yen buying continued

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