The Japanese yen showed mixed performance against its major rivals on Tuesday morning in Asia. While the lower-yielding yen declined against the dollar and the pound on the back of strong equities earlier in the session, it showed strength against the euro. Against the resource-linked currencies, the yen recovered some of its recent losses.
After a flat start and a subsequent fall to lower levels, the Japanese stock market rebounded into positive territory today before drifting lower again due to lack of support at higher levels. The benchmark Nikkei 225 index, which shot up to around 10,683 from a low of 10,597.7, is currently in negative territory at 10,625, with a loss of 9.20 points or 0.09%.
Among other markets in the Asia-Pacific region, Australia is trading notably higher. New Zealand, Singapore and Taiwan are up with modest gains, while South Korea and Malaysia are exhibiting weakness.
The yen slumped to a weekly low of 146.91 against the pound around 9:00 pm ET. The pair started reversing its course thereafter and remained steady shortly. If the yen declines further, it may test support around the 147.1 level. As of 10:20 pm, the pound-yen pair was worth 146.79.
The yen also drifted lower to 88.66 against the Swiss franc by 9:00 pm ET. The yen began edging higher against the franc thereafter and the pair is presently trading near yesterday's closing value of 88.59.
The yen drifted higher to 131.67 against the European currency by 10:00 pm ET due to across the board weakening of the latter. The euro-yen pair, which was worth 131.78 at Monday's North American close, is currently trading at 131.7 with 131.5 seen as the next target level in near-term.
Trading could be impacted by the French final gross domestic product report for the third quarter and the Italian business confidence data for December in the upcoming European session.
The Japanese yen recouped some of its recent losses against the commodity-related currencies in early Asian deals today.
The yen that plunged to a 10-week low of 88.02 against the Canadian dollar and a 2-week low of 81.41 against the Australian dollar earlier in the session drifted slightly higher to 87.81 and 81.28, respectively around 10:00 pm ET. As of 10:10 pm, the loonie-yen and the aussie-yen pairs were quoted at 87.87 and 81.33, respectively.
After testing yesterday's fresh multi-week lows of 65.01 against the NZ dollar, the Japanese yen drifted slightly higher to 64.85 by 10:00 pm ET. The kiwi-yen pair is presently worth near Monday's North American session closing value of 64.93.
The yen slumped to a 5-day low of 91.79 against the US dollar by 9:00 pm ET, compared to 91.64 hit late New York Monday. Thereafter, the yen drifted slightly higher against the greenback and the pair is presently quoted at 91.75.
Looking forward to the North American session, the S&P/Case-Shiller home price index, which tracks monthly changes in the value of residential real estate in 20 metropolitan regions across the U.S., is scheduled to be released at 9:00 AM ET. Economists expect an 18.25% year-over-year decline in the 20-city composite house price index in October.
The Conference Board is scheduled to release its consumer confidence report for December at 10:00 am ET. The survey, which is based on a survey of 5,000 US households, is expected to show that the consumer confidence index rose 53.0 in December.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.