In the Tokyo market, USD/JPY remained firm in the upper ¥157 range, rising to a morning high of ¥157.96. EUR/JPY also climbed into the upper ¥182 range, while EUR/USD traded in a narrow range.
In the Tokyo foreign exchange market on the morning of the 10th, USD/JPY remained firm. After opening at ¥157.67 in the morning, the pair gradually moved higher, reaching ¥157.95 in the latter part of the 7 a.m. hour. It then updated the day's high at ¥157.96 in the latter part of the 9 a.m. hour.
EUR/JPY showed a similar movement, rising from ¥182.30 to ¥182.58. Toward the end of the morning session, it traded near ¥182.56, close to its high. Meanwhile, EUR/USD remained within a narrow range of 1.1554 to 1.1562, trading near 1.1559 toward the end of the morning session.
Market participants viewed the upside for the euro against the dollar as limited as both the dollar and the euro continued to be bought against the yen. Some also saw dollar-favorable market conditions continuing as the yen's weakness spread.
The ranges recorded during the morning session were ¥157.67 to ¥157.96 for USD/JPY, ¥182.30 to ¥182.58 for EUR/JPY, and 1.1554 to 1.1562 for EUR/USD.