The JPY started at Y107.05 against the US dollar and at Y135.51 vs the euro this morning. Early dollar demand appeared at the onset, some if that was linked to Gotobi day fixing, dealers said. Dollar-yen got up to Y107.42 high a few minutes before the start of the Japanese stock market session while euro-yen peaked at Y135.71 but ran into sellers off that high. That capped dollar-yen’s move and it then began to slip back toward the opening levels. Selling in yen cross then appeared pushing euro-yen down to a Y135.25 low and dragging dollar-yen down to around Y107.15. Yen cross stayed under pressure through the morning before then rebounding in the early afternoon. Dollar-yenfollowed the moves as it then recovered off a Y107.03 low to Y107.33 while euro-yen then went back to Y135.67. Dollar-yen held near the high and was last at Y107.24 while euro-yen was last at Y135.60.
