NY Foreign Exchange Market = The dollar temporarily rose to the 149 yen level, expectations of a significant interest rate cut receded following the employment statistics.

October 5, 2024, 6:20 AM GMT+9 (excerpt)

In the New York foreign exchange market, the dollar rose and briefly reached the 149 yen level against the yen. The US employment statistics for September significantly exceeded expectations, leading to a retreat in expectations of a large interest rate cut by the Federal Reserve.
The dollar/yen temporarily rose to 149.02 yen, updating its highest level since August 16. It is expected that the dollar is rising against the yen due to the observation that the interest rate spread between Japan and the US is unlikely to narrow, with the weekly growth rate expected to be the largest since 2009.
The Dollar Index against the main 6 currencies reached a high of 102.69, the highest since August 16. The weekly growth rate is expected to be the largest since September 2022.