Overview

• In Tokyo trading the yen touched about ¥150.70 per dollar, its weakest level since Aug. 1.
• The decline deepened in New York, where the currency slipped into the ¥151–¥152 range for the first time in roughly six months.
• Market participants pointed to Sanae Takaichi’s selection as LDP president and a pickup in the so‑called “Takaichi trade,” reflecting expectations of wider deficits and delayed BOJ rate hikes.
• The yen also hovered near multi‑month lows against the euro, with Tokyo quotes around ¥175.87–¥175.91 per euro.
• Traders anticipate volatile conditions until Japan’s leadership choices and policy path are clarified, with caution reinforced by delayed U.S. data releases during a partial federal shutdown.