In the Tokyo market on the morning of the 12th, USD/JPY traded slightly lower, falling to ¥158.07. NY crude oil futures softened to around $90 per barrel, EUR/USD rose to the 1.1210 range, and EUR/JPY remained near its highs in the ¥177.30 range.
In the Tokyo market on the morning of the 12th, USD/JPY traded slightly lower, with trading reaching as low as ¥158.07. WTI crude oil fell to around $90 per barrel, and pressure to sell the dollar strengthened broadly.
During the day's trading, USD/JPY traded in the ¥158.07–¥158.40 range, while EUR/JPY traded in the ¥177.18–¥177.35 range.
EUR/USD traded in the 1.1193–1.1217 range, and EUR/JPY held near its highs. Future market activity may be influenced by market sensitivity to risk.
Market participants are monitoring the course of dollar selling while also watching developments in crude oil and correlations with other markets.