The dollar briefly hit the 149 yen level in the afternoon at 3:00 PM, reaching a two-month high. There were also instances of selling on the rebound.

October 7, 2024, 3:18 PM GMT+9 (excerpt)

In the afternoon at 3:00 PM, the dollar/yen is trading at the mid-148 yen level with a slight dollar weakening and yen strengthening from the end of the New York market last week. There were moments when it briefly reached the 149 yen level against the backdrop of high US interest rates, but it was pressured by selling on the rebound in the high price range.
The dollar rose to 149.10 yen in early trading, temporarily exceeding the 4-day overseas high of rapid appreciation following higher-than-expected US employment statistics, reaching the highest level in about two months since August 16th.
Even in the Asian trading session at the beginning of the week, the US 10-year bond yield, which rose to a two-month high, remained close to 4%, and the dollar continued to show strong gains against currencies other than the yen.
However, at the 149 yen level, which is the highest in two months, with profit-taking from short-term players and actual selling pressure, the dollar briefly fell to the upper 148 yen level. Even so, with interest rates remaining high, "the dollar is likely to remain strong in the near term" (foreign bank official), prompting bargain-hunting at lower levels and leading to a rebound in prices in the afternoon.