Yen trading remained volatile in New York on the 4th, with expectations of rate hikes by the US Federal Reserve and concerns over intervention by the Bank of Japan influencing market movements.
In the New York foreign exchange market on the 4th, the yen was sold and the dollar bought for a time before the market shifted to buying back the yen.
Market participants cited expectations of rate hikes by the US Federal Reserve and concerns over intervention by the Bank of Japan as the background to the yen's sharp fluctuations, making the future moves of both central banks a key focus for the time being, according to reports.
The day's intraday trading was shaped by a series of moves following reports that employment statistics were solid, while investors are closely watching future developments at the Federal Reserve and the Bank of Japan.
Related NHK news reports that the yen's volatile trading is continuing and that developments at the Federal Reserve and the Bank of Japan could affect the market's future direction.