Risk-off moves intensified ahead of the US midterm elections, with the Nikkei 225 down more than 3% in the Tokyo market and falling below ¥60,000. The dollar fell by about ¥1 as the yen strengthened.
In the Tokyo market on the 4th, stock prices fell and the yen strengthened amid reports that the Democrats were ahead in the US midterm elections. The Nikkei 225 fell more than 3% from the previous day, dropping toward levels below ¥60,000.
The dollar also fell by about ¥1, intensifying the yen's appreciation in the foreign exchange market. Market participants were taking a wait-and-see approach to the results of the US midterm elections, and views were reported that risk-averse moves would continue.