In 1 October trading in Tokyo, USD/JPY firmed and rose further in the evening. Higher U.S. interest rates were a focus following an upward revision to the previous day's final U.S. GDP figure, and the yen's weakening trend continued as the Japan-U.S. interest-rate differential widened.
In 1 October trading in Tokyo, USD/JPY firmed, rising from around ¥157.35. Although it encountered resistance to further gains in the afternoon, it rose to the upper ¥158 range in the evening. EUR/JPY rose from ¥178.31 to ¥179.31, while EUR/USD fell from $1.1336 to $1.1292.
The Nikkei Stock Average ended trading at an opening level of ¥67,106.52 and a closing level of ¥68,956.72, up ¥2,203.00 from the previous day. Among economic indicators, Australia's August trade balance was +A$1.351 billion, while Switzerland's September CPI was up 1.0% year on year.
As for remarks by policymakers, Minneapolis Fed President Kashkari said he assumed there would be 1 more rate hike this year and 1 next year. The main opinions from the Bank of Japan's September meeting indicated that rate hikes were expected to continue while taking into account accommodative monetary conditions.