In European trading, dollar-yen rose from ¥153.73 to ¥154.28, recovering the ¥154 level. Dollar buying continued on higher oil prices and rising long-term US Treasury yields, while major currencies remained soft against the dollar.
In European market trading, dollar-yen rose from ¥153.73 to ¥154.28, recovering the ¥154 level. The move reflected a rebound from the sharp decline caused by yen buying during the day.
Meanwhile, euro-yen traded in a range of ¥177.86-¥179.44, while euro-dollar traded between $1.1608 and $1.1616.
High oil prices and rising long-term US Treasury yields have kept pressure on investors to buy dollars, and major currencies have continued to trade softly against the dollar.