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Dollar Rises as US Funding Bill Clears Congress, Yen Hits Nine-Month Low

Traders positioned for a near-term end to the U.S. shutdown, lifting the dollar against the yen.

Overview

  • the House approved a continuing resolution to fund the government through January 30, 2026, and the White House said it expects President Trump to sign it tonight.
  • The yen briefly touched 155.05 per dollar in New York trading, its weakest level in about nine months.
  • Tokyo stocks opened slightly higher and then moved sideways, with the Nikkei at 51,130.59 at 9:15 a.m. and the TOPIX at 3,379.95.
  • Currency moves reflected reduced U.S. policy uncertainty alongside expectations of expansionary fiscal policy under Prime Minister Sanae Takaichi.
  • Key disputes, including over Obamacare provisions, remain unresolved even as markets price in an end to the partial shutdown.