Dollar buying resumed in the London market, lifting dollar-yen temporarily to the 158.20 level. Euro-dollar traded around 1.116 to 1.119, while sterling-dollar remained capped on the upside.
Dollar buying resumed early in London, with dollar-yen moving from around 158.16 to the vicinity of 158.70 at one point, and subsequently renewing its high at the 158.20 level. Euro-dollar fell to 1.1168 before rebounding into the 1.1190 range, but is currently facing continued upside resistance around 1.1180.
Other major currencies remained weak relative to dollar-yen, with sterling-dollar extending its low to the 1.3389 level. Current major rates are USD/JPY at 158.18, EUR/USD at 1.1179 and GBP/USD at 1.3391.
Dollar buying was the main feature of trading in the London market on this date. After falling back to around the previous day's New York close, dollar-yen moved to set another high. Market participants are paying close attention to volatility ahead.