In the Tokyo market on the morning of the 12th, dollar-yen softened at times from the lower ¥158 range toward the upper ¥158 range. The US 10-year Treasury yield fell to the 5.24% range and NY crude oil futures declined to the $90 range. Dollar-yen traded at ¥158.17–¥158.40, euro-yen at ¥177.18–¥177.35, and euro-dollar at $1.1193–$1.1205.
Dollar-yen traded softly in the Tokyo market as thin trading continued because the market was closed for a holiday. The dollar's gains were limited during the morning, and the overall move toward a stronger yen was also limited.
US yields and crude oil were the market's focus. The US 10-year Treasury yield fell to the 5.24% range, while NYMEX WTI crude oil futures declined to the $90 range. This appears to have prompted some selling of the dollar.
The day's trading ranges were ¥158.17–¥158.40 for dollar-yen, ¥177.18–¥177.35 for euro-yen, and $1.1193–$1.1205 for euro-dollar.