Dollar-yen briefly rose to the 149 yen level, but stalled in the 147 yen area as JOLTS forecasts disappointed.
【9/3Market Overview
Tokyo time, USD/JPY continued to rise on the back of domestic political uncertainty,148.92yen reached. Subsequently, as the Nikkei average softened, USD/JPY148yen level was pushed lower. In European time, a rise in US 10-year Treasury yields after-hours triggered selling of the yen and buying of the dollar, pushing USD/JPY to149.13yen. However, the time spent around149yen was brief, and it stalled around148yen. In NY time, the July US Jobs Snapshot (JOLTS) showed job openings missing expectations (forecast737.8ten thousand vs718.1ten thousand), leading to dollar selling. With US 10-year yields also retreating, USD/JPY fell to147.88yen.
【9/4Market View
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