Dollar/Yen rose to 148.94 yen due to domestic political uncertainty and other factors.
【9/2Market Overview
In Tokyo time, Vice Governor Himi of the Bank of Japan stated views such as “The impact of U.S. tariff policy will continue to spread,” and “We will watch without prejudice to see whether the main scenario will really come to fruition.” This was interpreted as a cautious stance on an early rate hike, and the USD/JPY rose from the middle of the 147s to as high as 148.05 yen. In European hours, after Chief Cabinet Secretary Moriyama of the Liberal Democratic Party announced his resignation, domestic political uncertainty increased and yen selling led, with the USD/JPY reaching 148.79 yen and marking the highest level in about one month since August 1. In New York time, the USD/JPY rose to 148.94 yen, but if the August U.S. Manufacturing PMI revision and August ISM Manufacturing Index underperform expectations, it fell to 147.94 yen. It then recovered to around 148.53 yen.147The low to high movement and commentary.148.05yen円and8/1since1month high.NYtime, the USD/JPY rose to148.94yen, but8月米製造業PMIrevision and8月米ISMが予想を下回ると、147.94円まで下落。その後は買い戻され148.53円まで上昇。
【9/3Market View