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Dollar firms as USD/JPY holds near 158
Asian trading on Monday saw the U.S. dollar firm, with USD/JPY steady near 158, according to Forexlive.
The same market update also said EUR/USD hit its lowest level since May 2025, while oil edged lower as Gulf supply recovery offset other factors mentioned in the update.
In Japan, the Nikkei rose 2.5% to a three-month high on a rally in AI related stocks, while Japan services PMI eased to 51.3 as hiring picked up and price pressures stayed intense, the outlet added.
Forexlive also noted Japan officials toughened their tone on the yen, and cited comments from the BOJ that AI is a demand shock that is lifting prices, alongside a warning about correction risk.
Latest closeNikkei 225 68,956.72 ▲3.3%|EUR/USD 1.126 ▼0.6%|USD/JPY 157.83 ▲0.2%