USD/JPY in the European market remained firm at ¥156.33 as of 20:00. A resumption of position adjustments ahead of the US employment report was observed.
USD/JPY remained firm in the European foreign exchange market on the 4th. It stood at ¥156.33 as of 20:00, around ¥0.03 higher for the dollar than the ¥156.30 level as of 17:00. Some viewed the move as an adjustment ahead of the employment report event before the US three-day weekend.
EUR/USD edged lower, standing at $1.1621 as of 20:00. It was around $0.0002 lower for the euro than at 17:00, as position adjustments toward dollar buying ahead of the employment report before the US three-day weekend had an impact.
EUR/JPY traded in a narrow range, at ¥181.66 as of 20:00, nearly unchanged from its 17:00 level. It edged up to ¥181.96 on the rebound in USD/JPY, but with EUR/USD remaining slightly lower, the move did not develop into a significant one, and the pair remained in the upper ¥181 range.
The indicative ranges so far today were ¥155.30 to ¥156.58 for USD/JPY, $1.1616 to $1.1633 for EUR/USD, and ¥180.63 to ¥181.96 for EUR/JPY.