The US September employment report was weak, and the dollar declined at one point. Prime Minister Sanae Takaichi's policy speech and the release of the US ISM Services PMI are cited as the market's key points of focus.
The US September employment report came in below market expectations, and dollar-yen temporarily faced downward pressure. The dollar declined during trading, falling to around ¥156.95 before recovering to the upper ¥157 range as US long-term interest rates moved higher. Weak employment data affected the outlook for US interest rates and acted as a short-term catalyst for foreign exchange movements.
Today's key points of focus include Prime Minister Sanae Takaichi's policy speech and the release of the US September ISM Services PMI. The former is expected to focus on the content of the explanation of fiscal policy and funding plans, while the latter is attracting attention as an indicator of current conditions in the US services sector.
Gaitame.com indicated that it plans to cover the future course of dollar-yen in videos and commentary based on the content of Prime Minister Takaichi's speech and trends in employment indicators. It also announced live commentary around noon, positioning the service as information intended to organize key market points rather than solicit investment decisions.