In Tokyo trading on the 10th, dollar-yen held firm in the low ¥158 range, recouping its decline following the U.S. employment report. The rate was ¥158.34 at 3 p.m., slightly above the ¥158.22 level at noon.
On the 10th, dollar-yen showed resilience in Tokyo trading and maintained its strength in the afternoon. The gradual morning rise continued, with the rate at ¥158.34 per dollar at 3 p.m., up approximately ¥0.12 from ¥158.22 at noon.
The yen was initially bought and the dollar sold after the U.S. July employment report fell short of market expectations, but the trend paused in Tokyo trading at the start of the week. The rise in crude oil prices and U.S. long-term interest rates also moderated, while sporadic dollar-buying and yen-selling continued.
Ahead of the full-scale entry of European traders, euro-yen remained firm, reaching ¥182.96 at 3 p.m., up approximately ¥0.18 from noon. Euro-dollar lacked a clear direction and traded slightly higher at €1 = $1.1554.
Dollar-yen traded in a range from the high ¥157s to approximately ¥158.39 during the day. Some market participants believe it could test the ¥159 range depending on movements in U.S. interest rates and crude oil prices.