Dollar-yen edges higher as dollar buying resumes | FX and Foreign Exchange News

The story

Dollar-yen edged higher in European trading, with the dollar rising from ¥158.93 to ¥159.17. The move was attributed to renewed dollar buying prompted by the rise in the US 10-year Treasury yield.

Euro-dollar fell below 1.16 dollars as dollar buying gathered pace. Euro-yen also moved in line with yen selling, while dollar-yen rose from the mid-¥184 range to the upper end of that range.

The trading ranges to date were ¥158.93–¥159.17 for dollar-yen, ¥184.47–¥184.63 for euro-yen, and 1.1595–1.1613 dollars for euro-dollar.

At a glance

Trading rangeDollar-yen traded in a range of ¥158.93–¥159.17

Trading rangeEuro-yen traded in a range of ¥184.47–¥184.63

Trading rangeEuro-dollar traded in a range of 1.1595–1.1613 dollars

BackgroundDollar buying intensified, taking its cue from the rise in the US 10-year Treasury yield

Market trendsDollar-yen edged higher in European trading

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