In the Tokyo market, USD/JPY fell as low as ¥158.07 before dollar buying returned in the afternoon, and it traded firmly into the evening, recovering to the upper ¥158 range. EUR/JPY rose to around ¥177.56, while EUR/USD fell to $1.1193.
In the Tokyo market on the 12th, USD/JPY fell as low as ¥158.07 against a backdrop of weaker crude oil prices, then recovered in the afternoon on dollar buying. The firm tone strengthened again in the evening, with the pair rising above its previous high to around ¥158.48.
EUR/JPY rose from ¥177.18 to ¥177.56. EUR/USD fell from $1.1217 to $1.1193.
As of 17:00, the indicative rates were ¥158.40–¥158.50 for USD/JPY and ¥177.50–¥177.60 for EUR/JPY. The Nikkei Stock Average was closed for trading. There were no notable remarks from officials, and no new economic indicators were released.
This report was distributed by FISCO and presents movements in the foreign exchange market as factual information.