In London trading on the 10th, the yen plunged to the ¥159 range against the dollar and temporarily fell to around ¥159.06. It renewed the low recorded since the coordinated intervention by Japan and the United States at the end of July.
In London trading, the yen traded against the dollar in a range of ¥158.90–159.00 per dollar. It temporarily fell to around ¥159.06 during the day, renewing the post-intervention low recorded on 31 July.
The euro was range-bound against the dollar at €1 = $1.1550–1.1560, with its upside capped amid changing expectations for the U.S. interest-rate outlook following the U.S. jobs report. Uncertainty over the situation in the Middle East and higher oil prices were also cited as factors limiting the euro’s upside.
The yen remained soft against the dollar, while the yen’s decline and the euro’s rise against the yen gathered pace. The euro stood at ¥183.60–183.70, representing a ¥1.20 decline in the yen and rise in the euro from the previous Friday, and the yen’s recovery was limited.
The British pound rose against the dollar to $1.3510–1.3520, edging up from the previous Friday. At one point, it was pushed up to levels last seen in mid-July, against a backdrop of rising British long-term interest rates.