The yen weakened against the dollar to the low ¥158 range at one point in the New York foreign exchange market on the 23rd. The yen moved back toward its level before the Bank of Japan conducted its rate check, while S&P Global's preliminary September U.S. PMI data prompted yen selling and dollar buying.
In the New York market on the 23rd, the yen weakened to the low ¥158 range per dollar at one point. There was a view that it had returned to the level before the Bank of Japan conducted its “rate check,” in which it queried market participants about exchange rates.
S&P Global's preliminary September U.S. PMI data prompted yen selling and dollar buying, putting downward pressure on the yen.