In Tokyo trading on the 9th, USD/JPY edged higher, briefly moving toward yen buying on comments by Prime Minister Takaichi. The dollar was subsequently sold as the US 10-year Treasury yield fell, while the yen crosses remained firm. The day's trading ranges were 157.76–158.25 for USD/JPY, 176.98–177.71 for EUR/JPY and 1.1210–1.1243 for EUR/USD.
In Tokyo trading on the 9th, USD/JPY edged higher, first falling to 157.76 before rebounding as the dollar came under selling pressure amid lower US long-term interest rates. In the afternoon, the yen crosses strengthened, and USD/JPY rose to the mid-158 range. USD/JPY traded between 157.76 and 158.25, EUR/JPY between 176.98 and 177.71, and EUR/USD between 1.1210 and 1.1243.
Market movements reflected the link between US interest-rate trends and the yen, with the performance of the yen crosses helping lift the market overall. No particular new market drivers were reported, but short-term movements in the FX market were observed.