Dollar/Yen rises to 149.98 yen, Tokyo Dow Jones Average hits record high, and Nikkei 225 futures rise.

【10/14Market Snapshot

In Tokyo time, with the Japanese market closed and activity muted, the USD/JPY traded around the 149 yens level,149in the lower half of the 149-yen range. During European hours, as European stocks rose at the start of the week and Nikkei futures climbed in the night session, risk-on yen selling and dollar buying took the lead.NYtime,NYthe Dow Jones Industrial Average reached an all-time high for the second consecutive day, helping the dollar/yen rise to149.98yen. Additionally, Fed Governor Waller said that “the pace of rate cuts should be approached more cautiously” and that “the labor market is softening but still quite healthy.”