In the New York Foreign Exchange Market on the 19th, dollar-yen continued to grind higher. As of 2:00 a.m., the pair was trading at 158.52 yen per dollar, about 10 sen stronger for the dollar and weaker for the yen compared with the 12:00 a.m. level of 158.42 yen.
The U.S. 10-Year Treasury Yield, a benchmark for U.S. long-term rates, rose to above 5.14%, providing a cue for dollar buying and pushing dollar-yen up to 158.55 yen. The day’s trading range was 157.70 yen to 158.55 yen.
The euro was heavy against the dollar. As of 2:00 a.m., the euro was at 1.1212 dollars, about 0.0005 dollars weaker for the euro compared with the 12:00 a.m. level of 1.1217 dollars. Rising U.S. long-term yields weighed on the pair, pushing it down to around 1.1203 dollars. EUR/JPY was at 177.73 yen, about 2 sen stronger for the euro compared with the previous checkpoint of 177.71 yen, consolidating in the upper-177 range.
| Currency Pair | 2:00 a.m. | vs. 12:00 a.m. | Day’s Range |
|---|---|---|---|
| Dollar-yen | 158.52 yen | About 10 sen stronger for the dollar | 157.70–158.55 yen |
| EUR/USD | 1.1212 dollars | About 0.0005 dollars weaker for the euro | 1.1183–1.1235 dollars |
| EUR/JPY | 177.73 yen | About 2 sen stronger for the euro | 176.73–177.78 yen |
Note: Times are New York time.
In the Tokyo market on the morning of the 19th as well, dollar-yen firmed slightly, rising from 157.70 yen to 158.09 yen. At the time, the U.S. 10-Year Treasury Yield had fallen to around 5.06%, creating an environment conducive to dollar selling, but major currencies held firm against the yen, and cross-yen buying pushed dollar-yen higher.
finance.biggo.com