European FX: USD/JPY slightly higher amid a favorable backdrop for dollar buying (FISCO)

The story

USD/JPY traded slightly higher in European markets, rising from ¥157.78 to ¥158.23. A recovery in crude oil prices strengthened the backdrop for dollar buying, and EUR/USD fell to ¥1.1170.

EUR/JPY followed USD/JPY higher, rising into the ¥176.70 range. Trading ranges so far were ¥157.78–¥158.23 for USD/JPY, ¥176.50–¥176.87 for EUR/JPY and 1.1170–1.1192 for EUR/USD.

At a glance

Trading rangeUSD/JPY: ¥157.78–¥158.23

Trading rangeEUR/JPY: ¥176.50–¥176.87

Trading rangeEUR/USD: 1.1170–1.1192

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