The yen temporarily weakened in the New York market, with the dollar reaching around ¥156, as the solid US employment report brought the Japan-US interest rate differential into focus.
As of 5 p.m. on the 4th, the yen was trading at ¥156.15–156.25 per US$1 in the New York foreign exchange market, down 40 sen against the dollar from the previous day.
The solid US employment data brought the Japan-US interest rate differential into focus, resulting in unstable market conditions, including a rapid temporary decline in the yen against the dollar.
The yen's decline at this stage was accompanied by heightened market caution, and future developments may be influenced by trends in US economic indicators and movements in the interest rate differential.