In the Tokyo market on the afternoon of the 30th, USD/JPY continued to consolidate around ¥157, trading in the ¥157.10 range. US long-term yields and crude oil prices remained firm, while caution over coordinated Japanese-US intervention restrained yen movements.
In the Tokyo market on the afternoon of the 30th, USD/JPY paused its rebound and eased slightly. It is currently consolidating around the ¥157 level and remains firm. The trading ranges were ¥156.37 to ¥157.45 for USD/JPY, ¥177.34 to ¥178.55 for EUR/JPY and 1.1329 to 1.1343 for EUR/USD.
US long-term yields and crude oil prices remained firm, making it difficult to sell the dollar. While some expect this trend to continue, caution over coordinated Japanese-US intervention is supporting yen buying.