In Tokyo foreign-exchange trading on the 4th, the dollar rose to around ¥158.50 against the yen. Higher US long-term yields and a rebound in US technology stocks, on the back of strong US employment data, provided support.
As of 9 a.m. on the 4th, dollar-yen was around ¥158.46, representing a dollar rise and yen decline of approximately ¥0.70 from the previous business day. While maintaining the previous day's levels, the market also saw periods of profit-taking sales.
The dollar rose in line with higher US long-term yields, while improvements in US employment-related indicators and a rebound in technology stocks in the equity market supported sentiment. On the 3rd, JOLTS nonfarm job openings exceeded market expectations, raising optimism about the US economy.
The main focus today is the results of the US midterm elections. There is speculation that the outcome, depending on the number of seats won by the Republican Party, could affect the direction of US long-term yields and the outlook for equity markets. The euro is rising against both the yen and the dollar.
According to market data, as of 9 a.m., the yen was around ¥177 per euro and at $1.1206–$1.1207 against the dollar.