Dollar-yen traded in a choppy, directionless range near ¥159 during Tokyo afternoon trading on the 21st, with prices moving between ¥158.86 and ¥159.13. Lower NYMEX WTI crude futures in the low-$86-per-barrel range created a mildly dollar-negative backdrop by suggesting less U.S. inflation pressure, while the U.S. 10-year Treasury yield held at 4.70%, limiting aggressive dollar selling. Exporter orders in the low ¥159 range capped gains, while importers and institutional investors supported the dollar around the upper ¥158 range. EUR/JPY traded between ¥185.67 and ¥185.95, and euro-dollar moved from $1.1678 to $1.1700. On the previous day, the 20th, dollar-yen rose toward ¥158.70 after recovering from a sharp overseas-market decline, with that session’s range at ¥158.03 to ¥158.71. The U.S. 10-year yield had consolidated at low levels after the U.S. Treasury Department expanded long-term bond buybacks, before dollar buying regained the upper hand. Future direction is expected to depend on U.S. economic data, Federal Reserve officials’ comments and crude oil prices.