In the European foreign-exchange market on the 3rd, USD/JPY moved higher after rising into the ¥158 range. The euro remained firm against the yen, while struggling against the dollar.
During European trading on the 3rd, USD/JPY rose to ¥158.18, about 31 sen above the ¥157.87 level at 17:00. It also briefly broke above the previous day's high of ¥158.00 and extended its gains to ¥158.20, but subsequently continued to trade in a narrow range near its highs.
EUR/USD struggled, standing at $1.1183 as of 20:00, slightly below the $1.1197 level at 17:00. Buying pressure on the dollar weighed on the pair, halting its rise at a high of $1.1207 and pushing it back into the $1.1180 range.
EUR/JPY was slightly firm, with the ¥176.89 level at 20:00 above ¥176.77 at 17:00. The pair briefly strengthened to ¥177.01 in tandem with the rise in USD/JPY.
The reference ranges so far today were USD/JPY ¥157.75-158.20, EUR/USD $1.1177-$1.1207 and EUR/JPY ¥176.52-177.01.