The yen was in the 146 yen range against the dollar in the latter half, supported by strong US indicators - geopolitical risk aversion.
October 4, 2024 7:42 JST (excerpt).
In the morning of the 4th, the yen exchange rate in the Tokyo foreign exchange market lowered the level from the previous evening to around 146 yen per dollar. The trend of buying dollars and selling yen continued against the backdrop of strong US economic indicators. Prime Minister Shigeru Ishiba's cautious comments on the early interest rate hike continue to weigh on the yen, while yen buying due to geopolitical risk aversion provides support. In the evening Japan time, the US will release September employment statistics. With strong indicators at present, good results are expected, making it easier for the dollar to maintain a firm stance against the yen.
In the morning of the 4th, the yen exchange rate in the Tokyo foreign exchange market lowered the level from the previous evening to around 146 yen per dollar. The trend of buying dollars and selling yen continued against the backdrop of strong US economic indicators. Prime Minister Shigeru Ishiba's cautious comments on the early interest rate hike continue to weigh on the yen, while yen buying due to geopolitical risk aversion provides support. In the evening Japan time, the US will release September employment statistics. With strong indicators at present, good results are expected, making it easier for the dollar to maintain a firm stance against the yen.
As of 7:30 am, the yen exchange rate is at 146.88 yen against the dollar (146.46 yen as of 5:00 pm on the 3rd).
On the 3rd overseas day, there was little movement within the range of the Tokyo market (from 146.29 yen to 147.24 yen).
On the 3rd overseas day, there was little movement within the range of the Tokyo market (from 146.29 yen to 147.24 yen).
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