10/02/2025 21:47

Release： 10/02/2025 21:47

Update： 10/02/2025 21:47

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The dollar/yen briefly fell to 146.60, but rebounded for the first time in five days.

【10/2Market Overview

In Tokyo time, the USD/JPY rose to around 147.38 as the Nikkei average climbed on a risk-on mood,147.38then faced a stall as the Nikkei average grew wary of the negative impact on economic activity from a potential U.S. government shutdown, keeping the USD/JPY range-bound around147yen. In European hours, concerns about a partial U.S. government shutdown led to yen buying and dollar selling, sending USD/JPY briefly to146.60yen.In New York time, USD/JPY saw a rebound driven by short-covering. After the previous day’s low near146.58yen was breached, broad-based buying to adjust positions pushed it up to147.51yen, marking a rebound for the first time in five days.