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Stocks Slide in U.S. and Japan as Yen Holds Near 154, Rate-Hike Bets Recede

Currency trading stayed subdued with attention on upcoming U.S. data.

Overview

  • Nikkei 225 fell by 905.30 points as selling in heavyweight semiconductor shares accelerated following sharp U.S. declines.
  • The Dow Jones Industrial Average closed down 309.74 points at 47,147.48, extending the prior session’s losses.
  • Dollar–yen traded around ¥154.67–¥154.69 with limited movement after the U.S. federal agency shutdown was lifted.
  • The euro strengthened to ¥179.92–¥179.96 as concerns over the Takaichi administration’s fiscal expansion weighed on the yen.
  • Market participants indicated expectations have shifted away from an early Bank of Japan rate increase.