Overview
- Tokyo foreign exchange quotes showed the dollar at ¥157.75–76, a short-term depreciation of about 18 sen versus the end of the prior week.
- The euro was trading near ¥177, signaling broader currency moves beyond the dollar–yen pair.
- Markets moved after weaker U.S. employment data and downward revisions to U.S. inflation that reduced expectations for a Federal Reserve rate rise in October.
- A drop in U.S. rate‑hike odds can lessen demand for dollars tied to higher yields, but relative yield gaps and cross‑market flows still produce intraday yen volatility.
- The report was published as a paid-membership update by Nishinippon and was updated shortly after posting, indicating limited-access distribution of the market snapshot.