In European FX market trading, dollar/yen was firm at ¥158.26 as of 22:00 compared with the previous level. Euro/yen recovered to ¥177.40.
In European market trading on the 5th, dollar/yen was ¥158.26 as of 22:00, approximately ¥0.35 higher than the ¥157.91 level at 20:00. It rose above the year-to-date high of ¥158.22 in daytime trading, reaching ¥158.29.
Euro/yen recovered in the 21:00 hour and was ¥177.40 as of 22:00. It rose as yen selling intensified against the backdrop of reports concerning the GPIF's basic portfolio. Some attributed the reports' impact to reports that the GPIF's portfolio had not been discussed at its September meeting.
Euro/dollar was $1.1209 as of 22:00, marginally higher for the euro than the $1.1200 level at 20:00. Trading was led by movements in the yen, with activity centered in the lower half of the $1.12 range.
As a reference, the ranges so far today have been ¥157.44 to ¥158.29 for dollar/yen, $1.1161 to $1.1261 for euro/dollar and ¥176.22 to ¥178.03 for euro/yen.