USD/JPY briefly falls to around 157.85 before recovering to the 158 range — London FX

The story

The FX market was volatile in early London trading, and dollar-yen faced resistance above as pressure to sell the euro weighed on it. Dollar-yen fell below the ¥158 range and briefly set a new low around 157.85, but subsequently recovered into the ¥158 range.

The main rates reported during this period were 158.12 for USD/JPY, 177.04 for EUR/JPY and 1.1196 for EUR/USD. The market was said to be showing notable demand for the dollar against a backdrop of continued euro selling.

At a glance

ExchangeMovements in the London market

TimeDollar-yen fell to around 157.85

LevelDollar-yen recovered into the ¥158 range

LevelUSD/JPY 158.12、EUR/JPY 177.04、EUR/USD 1.1196

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