In Tokyo's foreign exchange market at the start of the week, the yen traded in the low ¥158 range per US dollar. Strong US employment data have strengthened expectations of a Federal Reserve rate hike.
In Tokyo's foreign exchange market on the morning of Monday the 9th, the yen traded in the low ¥158 range per US dollar. As of 10:00 a.m., it was at ¥158.29–30 per US dollar, down 35 sen from the previous weekend, while the dollar rose.
The euro was trading at ¥176.46–48 per euro, with the yen up 0.6 sen against the euro and the euro down by the same amount.
As the US employment data released on the 6th were strong, expectations that the Federal Reserve (FRB) would proceed with a rate hike strengthened, and buying of the dollar prevailed.
Market participants said that views favouring tighter AI regulation, against the backdrop of a major Democratic victory, remain strong, and that attention is also focused on future market trends.