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Dollar Hovers Near ¥148 in New York After One-Day Yen Drop

The move marks a one-day softening of the yen into the New York close.

Overview

  • At 5 p.m. in New York on Sept. 18, the dollar traded at ¥147.95–¥148.05, according to Kyodo’s market snapshot.
  • The yen weakened by ¥1.04 from the previous day, reflecting a daily decline against the dollar.
  • The euro traded around $1.1778–$1.1788 versus the dollar in New York dealings.
  • The Bank of Japan published its October base foreign exchange rate at ¥148 per dollar, aligning with prevailing market levels.
  • Recent currency moves have tracked shifts in U.S. interest-rate expectations and the U.S.–Japan yield gap documented in recent weeks.