In Tokyo trading on the afternoon of the 6th, USD/JPY remained slightly higher, at around ¥158.07 as of 15:00. It reached an intraday high against the backdrop of the outlook for the Bank of Japan meeting and movements in long-term US yields, then eased somewhat amid caution ahead of a speech.
In Tokyo's foreign exchange market on the afternoon of the 6th, USD/JPY was slightly higher. At 15:00, it was ¥158.07, approximately 7 sen higher than the ¥158.00 recorded at 12:00. The move was reportedly driven by reports citing market sources that the Bank of Japan was cautious about deciding on an additional rate hike at its October meeting, as well as by the US 10-year Treasury yield rising to the 5.32% range.
USD/JPY extended its gains to ¥158.22 at one point, but later fell back to around ¥158.05 as caution increased ahead of a speech by Bank of Japan Governor Ueda (植田) at the National Securities Convention.
EUR/USD was range-bound, at around $1.1214 as of 15:00. Against the backdrop of persistently high long-term US yields, it fell to $1.1206 shortly after 15:00.
EUR/JPY was ¥177.25 at 15:00, up approximately 6 sen from 12:00. Following USD/JPY, it rose to ¥177.49 at one point before falling back to the ¥177.20 range.
The reference ranges so far today were ¥157.77–¥158.22 for USD/JPY, $1.1206–$1.1231 for EUR/USD and ¥177.03–¥177.49 for EUR/JPY.