In Tokyo trading on the afternoon of the 6th, dollar-yen lost momentum and settled in the ¥158 range. The movement of the US 10-year Treasury yield is believed to have influenced the dollar’s direction.
In Tokyo trading on the afternoon of the 6th, dollar-yen fell below ¥158.10. Dollar buying retreated as the US 10-year Treasury yield lost momentum, but the dollar remained at a high level and was difficult to sell.
The dollar’s decline was limited, and it ultimately settled in the ¥158 range. Some market participants believe that the recent momentum toward yen depreciation has paused.
The day’s trading ranges were ¥157.77–¥158.19 for dollar-yen, ¥177.03–¥177.48 for euro-yen and $1.1212–$1.1231 for euro-dollar.
Yen selling based on pension funds maintaining their policy was reported to have paused.