The yen significantly dropped to the 146 yen range against the dollar, due to Prime Minister Ishiba's remarks and positive US employment indicators.
October 3, 2024 7:20 JST (excerpt)
In the Tokyo foreign exchange market on the morning of the 3rd, the yen exchange rate fell significantly from the previous day's evening to 146 yen per dollar. This was influenced by Prime Minister Shigeru Ishiba's cautious comments on early additional rate hikes and the stronger than expected US employment indicators, leading to increased selling of yen and buying of dollars.
As of 7:00 am, the yen exchange rate is 146.32 yen against the dollar (compared to 144.05 yen at 5:00 pm on the 2nd).
In the overseas market on the 2nd, it fell to 146.51 yen, the lowest level since September 3rd.
In the Tokyo foreign exchange market on the morning of the 3rd, the yen exchange rate fell significantly from the previous day's evening to 146 yen per dollar. This was influenced by Prime Minister Shigeru Ishiba's cautious comments on early additional rate hikes and the stronger than expected US employment indicators, leading to increased selling of yen and buying of dollars.
As of 7:00 am, the yen exchange rate is 146.32 yen against the dollar (compared to 144.05 yen at 5:00 pm on the 2nd).
In the overseas market on the 2nd, it fell to 146.51 yen, the lowest level since September 3rd.
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