In the Tokyo market, dollar-yen was little changed in the low-¥158 range, with trading generally subdued. Euro-yen and euro-dollar also moved within narrow ranges.
In the Tokyo market, dollar-yen was little changed in the ¥158.20 range, with the trading range generally confined to ¥158.07-¥158.40. Euro-yen traded between ¥177.18 and ¥177.35, while euro-dollar ranged from 1.1193 to 1.1217.
Against this backdrop, the inflation component of the University of Michigan consumer sentiment index released last Friday came in below expectations but above the previous reading. Views that US long-term yields would be unlikely to decline were reported to have supported dollar buying.