In the European foreign exchange market, USD/JPY was holding above its lows at 20:00, moving back toward the mid-¥159 range. EUR/JPY recovered to around ¥185, while EUR/USD remained under pressure.
In the European market, USD/JPY held at a dollar-positive level of ¥159.89 at 20:00, tracking movements in the 10-year US Treasury yield in after-hours trading. It stood at ¥159.69 as of 17:00 and continued to move back toward the upper ¥159 range.
EUR/JPY also rebounded, standing at ¥185.03 at 20:00, up from ¥184.89 as of 17:00. In line with USD/JPY, it recovered to around ¥185.06.
EUR/USD remained under pressure, at 1.1572 at 20:00, a slight decline from 1.1578 as of 17:00. Its upside was limited against a backdrop of rising US interest rates.
The intraday ranges so far were ¥159.44–160.39 for USD/JPY, 1.1566–1.1596 for EUR/USD and ¥184.55–185.75 for EUR/JPY.