The yen had a buying advantage in the first half of the 149 yen range due to weak US stocks and falling interest rates - waiting for US employment statistics

2024/8/2 7:48 JST (some excerpts)
The yen exchange rate of the Tokyo Foreign Exchange Market on the morning of the 2nd was 1 dollar = the first half of the 149 yen range, and the level was rounded up from the evening before. Stock depreciation and interest rate declines progressed in response to economic indicators lower than expected in the United States, and the yen turned from a temporary decline to an increase. The rapid reversal of yen appreciation is likely to occur ahead of US employment statistics and weekends, but yen purchases that are aware of differences in the direction of Japan-US monetary policy seem to support it.