Yen Advances to Low ¥153 per Dollar in Tokyo Trading
Traders pointed to a private U.S. job‑cuts survey as the catalyst for safe‑haven yen buying.
Overview
- By 5 p.m. in Tokyo, the dollar traded at ¥153.38–153.40, leaving the yen about ¥0.48 stronger than the previous day.
- At 10 a.m., the market quoted ¥153.18–153.19 per dollar, reflecting a ¥0.68 advance for the yen from Thursday.
- Foreign‑exchange dealers described notable risk‑aversion behavior during the session.
- Expectations for earlier Federal Reserve rate cuts led traders to price a narrower Japan–U.S. yield gap, supporting additional yen demand.
- Some participants said a partial U.S. government shutdown limited official data releases, increasing reliance on private surveys for trading cues.