Overview
- The yen traded around ¥155.9–¥156.0 per dollar in early Tokyo after New York levels in the high-¥155 range.
- Dollar buying outweighed yen demand as higher US long-term yields widened the US–Japan rate gap.
- BOJ Governor Kazuo Ueda said the recent rise in long-term rates was “somewhat fast” and signaled readiness to buy bonds if moves turn exceptional.
- The Dow fell 215.67 points on Dec. 8 on profit-taking and position adjustments ahead of the FOMC, and the Nasdaq also slipped.
- Tokyo equities showed narrow moves with the Nikkei hovering near flat to modest gains as traders awaited guidance on the pace of potential Fed rate cuts.