Dollar-yen traded near highs in the Tokyo market, with trading continuing from the upper ¥157 range to the lower ¥158 range. US long-term interest rates held in the 5.3% range, and market attention is focused on developments in US monetary policy.
In Tokyo trading on the afternoon of the 8th, dollar-yen traded near highs at around ¥158.20. Although the US 10-year Treasury yield did not move significantly from the previous day, it remained elevated in the 5.30% range, and the dollar did not face a lack of demand.
Political and fiscal risks in France continued to create a risk-off mood, sustaining a preference for the dollar. This also constrained movements in euro-yen and euro-dollar.
The trading ranges so far were ¥157.59–¥158.22 for dollar-yen, ¥176.53–¥177.23 for euro-yen, and $1.1193–$1.1213 for euro-dollar.