The yen fell to the lower ¥156 range in morning trading in New York. The move was attributed to stronger-than-expected U.S. jobs data for August, which heightened expectations of an early interest-rate hike.
In the New York foreign exchange market on the 4th, the yen was trading at ¥156.23–¥156.33 per dollar as of 8:40 a.m., down 48 sen from the previous day. The dollar-buying and yen-selling trend prevailed after the U.S. jobs data came in stronger than expected.
On the 3rd, dollar-selling and yen-buying prevailed amid views that expectations for a Bank of Japan rate hike in September had emerged, and the yen briefly reached ¥155.30 per dollar. As of 5 p.m., the yen was trading at ¥155.75–¥155.85 per dollar, up ¥2.89 against the dollar from the previous day, while the euro was at $1.16221–$1.1631 and ¥181.06–¥181.16.