As of noon in the Tokyo market, USD/JPY had fallen to the upper ¥156 range. It was about 14 sen below the New York close, with the decline in the US 10-year Treasury yield weighing on the pair. EUR/JPY moved toward a stronger yen, while EUR/USD recovered.
As of noon in the Tokyo market, USD/JPY had fallen to ¥156.73, about ¥0.14 below the New York close of ¥156.87. The pair lost ground after the Tokyo fixing, while the decline in the after-hours US 10-year Treasury yield to the 4.96% range was also cited as a factor pushing it lower. Accordingly, the day's trading range was shown as ¥156.65 to ¥157.22.
EUR/JPY moved toward a stronger yen at ¥175.87, falling to around ¥175.84 in tandem with USD/JPY, while showing a move to edge slightly higher relative to the New York close.
EUR/USD recovered to $1.1221, up $0.0019 from the New York close of $1.1202. It returned to around the morning high of $1.1227. The trend of a stronger euro and weaker dollar continued.
Reference ranges through today were shown as ¥156.65-¥157.22 for USD/JPY, $1.1201-$1.1227 for EUR/USD and ¥175.72-¥176.35 for EUR/JPY.