In Tokyo trading on the afternoon of the 19th, dollar-yen remained in a narrow range in the low ¥158s, and wait-and-see sentiment spread through the market. Cross-yen pairs remained firm as traders watched movements in US crude oil prices and long-term Treasury yields.
Dollar-yen was little changed in Tokyo trading on the afternoon of the 19th, continuing to trade around ¥158.10, near the day's high. While weakness in US crude oil prices and long-term Treasury yields acted as factors selling the dollar, trading remained relatively resilient against major currencies.
The trading ranges so far were ¥157.70–¥158.13 for dollar-yen, ¥176.97–¥177.59 for euro-yen and $1.1199–$1.1234 for euro-dollar. Cross-yen pairs remained broadly firm.