The dollar at 3:00 p.m. is stable around 149 yen, with limited reaction to China's support measures.

October 17, 2024, 3:38 p.m. GMT+9 (excerpt)

The dollar/yen at 3:00 p.m. is trading around 149 yen, stable from the previous day's close in New York. Additional support measures for the real estate market were announced in China, but there was no significant reaction in major stock price indices, and limited impact on major currencies.
Following the announcement by Chinese authorities, real estate stock indices widened their losses, causing the dollar to temporarily drop from around 149 yen to the first half, while the Shanghai Composite Index remained relatively stable. The dollar also gradually rebounded in the afternoon.
Additional measures announced by China include expanding the scope and scale of bank loans available for housing purchases. The market evaluation is divided.