USD/JPY was little changed around ¥157 in the Tokyo market on the afternoon of the 21st, with trading subdued amid a lack of catalysts. Meanwhile, NYMEX crude futures benchmark WTI recovered to the $94 level, and rising oil prices spread a risk-off mood.
USD/JPY was little changed around ¥157 in the Tokyo market on the afternoon of the 21st, trading between ¥156.57 and ¥157.11. EUR/JPY ranged from ¥179.85 to ¥180.37, while EUR/USD traded between $1.1477 and $1.1485.
NYMEX crude futures benchmark WTI has recovered to the $94-per-barrel level, and some observers said dollar buying could strengthen slightly against the backdrop of higher oil prices.
The impact of higher oil prices spread a risk-off mood, leaving the Australian dollar vulnerable to selling.