Dollar-yen trading reversed in New York on the 18th after reaching 158.05 during European hours, its highest level since September 3. The pair ended at 157.45 yen at midnight, down about 25 sen from 10 p.m., as concerns about possible currency intervention by the Japanese government and the Bank of Japan (BOJ) encouraged yen buying. The 200-day moving average near 158.42 yen also acted as a technical resistance marker. The session's reference range was 155.87 yen to 158.05 yen, a swing of roughly 2.20 yen. The move followed the BOJ's additional rate hike and Governor Kazuo Ueda's cautious press conference, which supported expectations of a narrower Japan-U.S. interest-rate gap but left investors focused on the pace of future increases. EUR/USD fell to $1.1462 as the U.S. 10-year Treasury yield rose above 5%, while the August U.S. Leading Economic Index fell 0.1% month-over-month against expectations for a 0.1% increase. EUR/JPY declined to 180.48 yen after reaching 181.55 yen during European trading, with selling pressure increasing as dollar-yen lost momentum. Markets are now focused on intervention levels, inflation and wage data, future BOJ rate hikes, and the effect of U.S. yields on the euro.