In the Tokyo market, dollar-yen buying prevailed, keeping the pair in the ¥158.40 range. The rise in the US 10-year Treasury yield in after-hours trading provided support, and the intraday high reached ¥158.46.
Dollar-yen attracted buying as Tokyo market participants entered in force, rising to ¥158.46 toward the end of the session. During the day, the pair traded in the ¥158.40 range.
The 200-day moving average is at ¥158.52, leaving the current level slightly below it.
The rise in the US 10-year Treasury yield overnight was cited as a factor supporting demand for dollar-yen.