In the Tokyo market on the 30th, dollar-yen struggled to recover, and the ¥157 range failed to hold for long. After month-end dollar selling initially pushed the pair down to the ¥156 range, it briefly recovered to the ¥157 range before falling back into the ¥156 range amid a lack of fresh drivers.
After the Nikkei market opened on the 30th, dollar-yen struggled to recover and fell from ¥157.45 to ¥156.37. Dollar selling, believed to reflect month-end flows, led the market against a backdrop of softer U.S. long-term interest rates and crude oil prices. The pair briefly recovered to the ¥157 range in the afternoon, but then lost momentum and fell back into the ¥156 range amid concerns over coordinated intervention by Japan and the United States.
Euro-yen fell from ¥178.55 to ¥177.34. Euro-dollar rose from 1.1329 to 1.1357. As of 17:00, dollar-yen stood at ¥156.90–157.00 and euro-yen at ¥178.10–178.20.
The Nikkei Stock Average ended at an opening level of ¥66,128.59, a high of ¥66,946.14, a low of ¥66,014.48 and a close of ¥66,753.72, up ¥1,272.45 from the previous trading day. Economic indicators reported included China’s manufacturing PMI of 50.1 in September, Australia’s CPI of 4.0% year on year versus 3.5% previously, and the revised U.K. GDP figure of 1.4%.
No remarks by key officials were included in the article.