In European markets, dollar-yen lost upward momentum and traded around the mid-¥156 range. The U.S. 10-year Treasury yield held around 5.22%, while NY crude oil futures rose into the $90 range.
In European markets, dollar-yen’s rise paused after the evening, and the pair traded around ¥156.90. Dollar-yen moved in a range of approximately ¥156.86–¥157.08, euro-yen in a range of approximately ¥178.01–¥178.37, and euro-dollar in a range of approximately 1.1346–1.1360.
The U.S. 10-year Treasury yield held in the 5.22% range, while NY crude oil futures moved up into the $90-per-barrel range. The dollar remained difficult to sell, and buying on dips continued in the euro and pound, while the Australian dollar weakened slightly against the U.S. dollar.
The day’s trading ranges showed only modest movements in each currency pair, and reports indicated that U.S. interest rates and crude oil prices were providing support for the market.