The dollar-yen exchange rate was soft in the Tokyo market on 2 October. After briefly reaching the ¥158 range on higher oil prices, it fell to the upper ¥157 range in the evening as U.S. long-term yields declined.
During the day on 2 October, dollar buying led the market against the backdrop of higher oil prices, and the dollar-yen exchange rate rose as high as ¥158.22.
In the afternoon, the dollar came under selling pressure as U.S. long-term yields fell, and the dollar-yen rate slipped into the ¥157 range. Concern over coordinated intervention by Japan and the United States remained strong, and the rate fell to around ¥157.47 in the evening.
The euro-yen rate fell from ¥177.90 to ¥177.35, while the euro-dollar rate rose from $1.1231 to $1.1268.
At 17:00, the dollar-yen rate was ¥157.50-60 and the euro-yen rate was ¥177.30-40. The Nikkei 225 opened at ¥68,313.46 and closed at ¥68,309.46, down ¥647.26 from the previous day.