Dollar/yen slips on weak U.S. economic data, but climbs to 160.27 yen as Middle East tensions intensify.

【9/1Market Overview

Tokyo time, USD/JPY opened the session159.63at a low, but then climbed gradually to the upper-159s. In European trading, USD/JPY resumed the tug-of-war between the US and Iran with oil futures rising, signaling a “safe-haven dollar” demand, briefly reaching160.20yen.NYtime, USD/JPY was8month ISM Manufacturing PMI /7月 US JOLTSJobs data showed a weaker-than-expected reading,159.89yen was pressured lower. Later, reports that the US military attacked Iran again led to a rise inWTI crude oil futures,1barrel =90 dollars, surging to the mid-90s; the “safe-haven dollar” also supported the move,160.27yen.

【9/2Market Outlook