Core Viewpoint - The Japanese yen has depreciated against the US dollar, reaching a two-month low, with the market closely monitoring the new cabinet appointments following the election of a dovish leader, indicating a potential shift in monetary policy [1][2]. Currency Movements - The USD/JPY pair rose by 0.18% to 150.61, surpassing the psychological level of 150, prompting expectations that Japanese officials may attempt to verbally support the yen [1][2]. - The yen also hit a historical low against the euro, influenced by rising Japanese government bond yields ahead of key bond auctions [1][2]. Eurozone Developments - The euro remains under pressure due to the resignation of the French Prime Minister and signals from European Central Bank officials regarding potential interest rate cuts [1][3]. - The euro to USD exchange rate was reported at 1.1705, with limited volatility observed [1][3]. US Economic Outlook - The US government shutdown has delayed the release of several economic data points, including the non-farm payroll report, shifting market focus to upcoming speeches from Federal Reserve officials and the release of the September meeting minutes [1][4]. - In light of recent weak labor data, the market widely anticipates a 25 basis point rate cut by the Federal Reserve in the October meeting [1][4].
日元兑跌至两月低点,市场关注高市早苗组阁进展
Sou Hu Cai Jing·2025-10-07 03:35