In the Tokyo market on the afternoon of the 24th, dollar-yen rebounded above ¥158, and buying of the dollar intensified. The rise in long-term US yields and higher oil prices were cited as the factors behind the move.
In the Tokyo market on the afternoon of the 24th, dollar-yen rose to the ¥158.20 level and rebounded above ¥158. The trading ranges so far were ¥157.79 to ¥158.37 for USD/JPY, ¥179.51 to ¥180.24 for EUR/JPY, and 1.1369 to 1.1388 dollars for EUR/USD.
While the dollar was prone to buying against the yen, the rise in 10-year US Treasury yields and higher oil prices also helped curb dollar-selling pressure, leaving European currencies relatively firm against the dollar.
The day's factors included movements in US interest rates and oil prices, and the major currency pairs are expected to remain broadly stable.