FX summary: Dollar trades around 157.80 yen as market awaits U.S. jobs data
The dollar traded near 157.83 yen in the Tokyo foreign exchange market as of 3:00 p.m. on Oct. 2, down about 55 sen from 5:00 p.m. the previous day.
Dollar-selling and yen-buying dominated after September Tokyo Consumer Price Index (CPI) data, released in the morning by the Ministry of Internal Affairs and Communications, showed core CPI (excluding fresh food) rose 2.7% year-on-year. The figure topped 2% for the first time in eight months, fueling expectations of an additional Bank of Japan rate hike. The dollar briefly recovered heading into the 9:55 a.m. midrate fixing, but dollar buying faltered as U.S. rate hike expectations waned following Federal Reserve Vice Chair Jefferson's remarks on Oct. 1 that "there is no need to rush additional rate hikes." With dollar selling also spurred by a pause in rising U.S. Treasury yields, the pair temporarily softened to 157.76 yen around 1:30 p.m. The pair subsequently found support but recovered only gradually as a wait-and-see mood prevailed ahead of the U.S. September employment report due tonight. Meanwhile, the euro remained under pressure due to fiscal concerns in France.
The euro traded near 1.1247 dollars against the greenback, down nearly 0.0060 dollars from 5:00 p.m. the previous day. Against the yen, the euro traded near 177.51 yen, down more than 1.50 yen over the same period.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
Related Articles
-
and ST's same-store sales top year-ago level for third straight month in September
Fri Oct 2, 2026 3:55 pm JST Catalyst -
Key market events next week
Fri Oct 2, 2026 4:00 pm JST Market -
Nikkei 225 close on the 2nd = falling for the first time in 3 days, 647 yen lower to 68,309 yen
Fri Oct 2, 2026 3:32 pm JST Market -
Stocks on the move (closing): HIDAY HIDAKA, Resonac Holdings, BayCurrent, and others
Fri Oct 2, 2026 3:33 pm JST Catalyst -
HIDAY HIDAKA shares surge late in afternoon session on double-digit profit growth and raised dividend forecast for August interim period
Fri Oct 2, 2026 3:27 pm JST Catalyst -
Hankyu Hanshin turns positive in late afternoon trade after expanding share buyback program
Fri Oct 2, 2026 3:14 pm JST Catalyst -
Nippon Television Holdings rises for second straight session after Daiwa upgrades to 'outperform'
Fri Oct 2, 2026 2:56 pm JST Catalyst -
Advancing and declining issues on the Tokyo Stock Exchange Prime Market as of 3:00 p.m.
Fri Oct 2, 2026 3:04 pm JST Market -
beABLE extends gains on speculation over start of Fukushima No. 2 reactor internal survey
Fri Oct 2, 2026 2:52 pm JST Catalyst -
ktk turns negative as FY2027 forecast signals net profit decline on fading one-time gains
Fri Oct 2, 2026 2:26 pm JST Catalyst