In the New York market, USD/JPY struggled to rise, standing around ¥159.29 as of midnight, while the day's high of ¥159.40 was seen as near-term resistance. The NAHB Housing Market Index came in above expectations, but the market reaction was limited, and EUR/JPY and EUR/USD also moved only modestly.
In the New York market on the 17th, USD/JPY traded in a narrow range, standing at ¥159.29 as of midnight, slightly above its ¥159.25 level at 22:00. The intraday high of ¥159.38 was seen as near-term resistance, while the lack of gains in long-term US Treasury yields also weighed on the pair. The August NAHB Housing Market Index came in at 35, above the forecast of 33, but the market reaction was limited.
EUR/JPY stood at ¥184.56 as of midnight, about ¥0.12 below its ¥184.68 level at 22:00. It briefly reached ¥184.77 at around 22:30, but then moved lower.
EUR/USD was at $1.1587 as of midnight, about $0.0010 below its $1.1597 level at 22:00. The reference ranges through today were 158.85–159.40 for USD/JPY, 1.1564–1.1614 for EUR/USD, and 184.06–184.77 for EUR/JPY.