As expectations for a rate cut by the Fed rise, the USD/JPY rose to the 145 level, but then stalled.

【8/27Market Overview

During Tokyo time, the dollar/yen rose to 144.97 due to expectations of dollar buying by real demand in Japan and the firmer Nikkei 225,144.97and in European time, aided by gains in Nikkei futures and Western stock indices, a risk-on dollar buying led to the dollar/yen rising to as high as145.17yen. However, expectations of U.S. rate cuts remained strong144around the upper-144s, then slowed.NYtime, after Powell's remarks at last week's Jackson Hole conference, in a market environment where dollar selling tends to be easier, the dollar/yen fell below144yen, dropping to143.91yen.