NY foreign exchange market = yen high for the first time in 7 months in response to heightened observations of lower US interest rates

8/6/2024 5:48 AM GMT+9 (some excerpts)

At the end of the New York foreign exchange market, yen skyrocketed to a seven-month high. Meanwhile, the dollar depreciated widely. The US economic slowdown and observations of drastic interest rate cuts by the US Federal Reserve (FRB) have increased due to a series of economic indicators announced last week.
The dollar index against major currencies fell 0.46% to 102.68. At one point, it dropped to 102.15, which is the lowest price since January 12.
The dollar depreciated 2.04% against the yen to 143.5 yen, approaching the year-to-date low.
The euro rose 0.37% to 1,095 dollars. At one point, it rose to 1.1009 dollars, which is the high price since January 2.