European FX: USD/JPY loses momentum and trades around 158

The story

In the European market, USD/JPY rose from 157.87 to 158.13 before losing momentum. EUR/JPY traded between 176.43 and 176.90, while EUR/USD traded between 1.1170 and 1.1190.

Major European stock indexes were firm, but Nasdaq futures weakened, and caution over a decline in U.S. stocks tonight remained strong. Selling of the dollar was restrained.

The trading ranges so far have been 157.87–158.13 for USD/JPY, 176.43–176.90 for EUR/JPY, and 1.1170–1.1190 for EUR/USD.

At a glance

Trading rangeUSD/JPY traded between 157.87 and 158.13

Trading rangeEUR/JPY stood between 176.43 and 176.90

Trading rangeEUR/USD traded between 1.1170 and 1.1190

Key driverThe dollar is prone to selling following declines in U.S. 10-year Treasury yields and crude oil

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Reference information generated from public sources. It does not solicit or advise on investments. Prices are 15-minute delayed.