In the Tokyo market on the 2nd, the dollar-yen rate was weak, rising briefly to near ¥158 on higher crude oil prices before falling to the mid-¥157 range in the evening. The euro-yen rate moved into the upper ¥177 range, while the Nikkei average fell from the previous day to close at ¥68,309.
In the Tokyo market on the 2nd, the dollar-yen rate remained weak, rising briefly to ¥158.22 against the backdrop of higher crude oil prices. It then shifted toward dollar selling as U.S. long-term interest rates declined, falling to ¥157.47 in the evening.
At the same time, the euro-yen rate fell from ¥177.90 to ¥177.35, while the euro-dollar rate rose from $1.1231 to $1.1268. The approximate rates as of 17:00 were ¥157.50–¥157.60 per dollar and ¥177.30–¥177.40 per euro.
The Nikkei average opened at ¥68,313.46, reached a high of ¥68,741.49, a low of ¥68,132.16 and closed at ¥68,309.46, down ¥647.26 from the previous day.
Economic indicators showed Tokyo's core CPI for September up 2.7% year on year, the August unemployment rate at 2.5%, the active job openings-to-applicants ratio at 1.18 and the monetary base down 15.2% year on year in September.
Regarding comments by officials, some expressed a desire for the Bank of Japan to maintain close communication with the government, while the view was also expressed that no decision had yet been reached on continuing the current unconventional monetary easing.