USD/JPY held at high levels in the New York market. It was ¥160.14 as of 4:00, moving sideways near its high, while caution spread over moves around ¥160.20. EUR/USD fell to around $1.1580, while EUR/JPY was restrained in the ¥185 range.
In the New York foreign exchange market on the 28th, USD/JPY moved sideways near its high, trading at ¥160.14 as of 4:00, slightly below the ¥160.19 level as of 2:00. Buying stalled with ¥160.20 as the upper limit, but the downside remained firm and the pair continued to trade near its high. Concern is also growing over the possibility of additional yen-buying intervention by Japanese authorities.
EUR/USD struggled to recover and was $1.1580 as of 4:00. It traded around that level, down by approximately $0.0007, and extended its decline as the dollar's advance continued. GBP/USD weakened to $1.3527, while AUD/USD fell to $0.7156.
EUR/JPY remained capped on the upside at ¥185.44 as of 4:00. With dollar-led moves continuing, EUR/JPY movements were limited, while the lackluster performance of EUR/USD weighed on the pair, which slightly extended its decline to ¥185.42.
The reference ranges so far today have been indicated as ¥159.30-¥160.20 for USD/JPY, $1.1578-$1.1658 for EUR/USD, and ¥185.42-¥185.99 for EUR/JPY.