USD/JPY traded softly in the Tokyo market on the 25th, falling to the upper ¥157 range in the afternoon. The decline in U.S. long-term interest rates and crude oil prices were cited as the reasons.
USD/JPY weakened in the Tokyo market on the 25th, touching ¥158.92 in the morning session before increased selling pressure drove it down to ¥157.94 in the afternoon. The trading range was ¥157.94 to ¥158.92, with dollar weakness standing out.
During the day, EUR/JPY traded in a range of ¥179.82 to ¥180.76, while EUR/USD moved between 1.1368 and 1.1390. The decline in U.S. long-term interest rates and developments in crude oil prices were said to have influenced the market's direction.
In the afternoon, USD/JPY fell below ¥158, with the downside reaching ¥157.94. As a result, the ranges of the major currency pairs narrowed, although they remained under downward pressure.
The day's data was distributed by FISCO and reported as an indication of trends in the foreign exchange market.