In the New York foreign exchange market, the yen rebounded from its lows as speculation of intervention to curb yen selling intensified. USD/JPY rose to ¥158.40 before falling back to ¥158.20, while EUR/JPY fell from a high of ¥180.42 to ¥180.02 and GBP/JPY declined from a high of ¥209.94 to ¥209.43.
The yen rebounded from near its lows in the New York foreign exchange market. The market remained focused on the persistent possibility of official intervention to correct yen weakness, limiting the momentum of yen selling. USD/JPY briefly reached a high in the ¥158 range before falling back to around ¥158.20.
In line with USD/JPY, EUR/JPY set a new high in the lower ¥180 range before falling back and settling around ¥180.02. Together with risk trends in overseas markets, these movements reflected an ongoing tug-of-war between yen buying and selling.
Meanwhile, GBP/JPY briefly reached a high of ¥209.94 before falling to ¥209.43. Similar movements were observed across multiple currency pairs, with prices rising and falling as intervention speculation remained in focus.