USD/JPY recovered slightly in the Tokyo market on the morning of the 12th, returning to around ¥158.20. NY crude remained in the $90 range, while EUR/JPY and EUR/USD traded in the low 1.12 range.
USD/JPY recovered slightly in the Tokyo market on the morning of the 12th, recently rebounding to around ¥158.20. The dollar's firmness was one of the notable market developments, while New York crude futures remained in the $90 range.
Today's trading ranges were ¥158.07 to ¥158.40 for USD/JPY, ¥177.18 to ¥177.35 for EUR/JPY, and $1.1193 to $1.1217 for EUR/USD.
EUR/USD softened slightly around $1.12, while EUR/JPY remained supported by movements in USD/JPY.
There is a view that dollar-centered trading is continuing overall, and caution remains warranted regarding the foreign exchange market's short-term direction.