USD/JPY in the ¥154.40 range, position adjustment takes it near ¥154.81 | FX and Foreign Exchange News

USD/JPY has been trading from the lower to upper ¥154 range, recovering to around ¥154.81 through position adjustment after being sold off. EUR/JPY has recovered to around ¥179.55.

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The story

USD/JPY is trading around ¥154.43. After being heavily sold down to ¥154.06, it recovered to around ¥154.81 through position adjustment.

The yen appreciation trend continues broadly, while EUR/JPY has also recovered to around ¥179.55 without reaching ¥180.

Overall, movements in the foreign exchange market appear to have remained in a measured correction phase for both USD/JPY and EUR/JPY.

At a glance

USD/JPY statusUSD/JPY is trading around ¥154.43.

Position trendAfter being sold down to ¥154.06, it recovered to around ¥154.81.

Market trendThe yen appreciation trend continues broadly.

EUR/JPY statusEUR/JPY has recovered to around ¥179.55.

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