USD/JPY rose to the 147 yen level, helped by gains in the Nikkei futures during the Night Session.
【9/2Market Overview
Tokyo time, USD/JPY rose to 146.59 in early hours,146.59before the Nikkei 225 struggled and retraced to145.77around 145.77. In European session, on the back of gains in the Nikkei futures overnight, a risk-on sentiment led to yen selling and dollar buying. The USD/JPY pair rose to147.00and briefly exceeded the level, triggering stops and pushing up to147.17around 147.17.During NY session, with the U.S. markets closed for Labor Day, dollar/yen moved in a narrow range around147, trading within a tight range.
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