Group 1 - The Japanese yen strengthened against the US dollar, causing the dollar to fall below the 150 mark, driven by increased demand for safe-haven assets due to bad loans at two US banks [1] - The dollar-yen exchange rate dropped over 0.5% to around 149.63, marking the lowest level since October 6 [1] - The Swiss franc also appreciated, while the US dollar and US Treasury yields declined amid a sell-off in regional bank stocks [1] Group 2 - A week prior, the yen had fallen to its lowest level since February after the election of a new leader for the Liberal Democratic Party and subsequent political instability in Japan [2] - Market focus is on the formation of Japan's coalition government, particularly the potential agreement between the Liberal Democratic Party and the Japan Innovation Party [3] - Political uncertainty has diminished expectations for a rate hike by the Bank of Japan this month, although the Bank's governor indicated a willingness to tighten policy if economic confidence improves [3]

Group 1 - The core viewpoint of the articles indicates a convergence in monetary policy expectations between the US and Japan, impacting the USD/JPY exchange rate [1] - The USD/JPY exchange rate is currently trading around 148.27, reflecting a 0.09% increase from the previous close of 148.14, suggesting a short-term bottom formation [2] - Market analysis suggests that as long as inflation data remains controlled, the Federal Reserve may initiate a rate cut cycle within the year, limiting the long-term upside potential of the dollar [1] Group 2 - The expectation of the Bank of Japan gradually exiting its negative interest rate policy could significantly alter the long-standing interest rate differential between the two countries [1] - The USD/JPY pair may test resistance levels around 148.45-148.50, with a potential target near 149.00, indicating bullish sentiment [2] - Immediate support for the USD/JPY is seen around 147.45, with 147.00 being viewed as a potential buying opportunity if further declines occur [2]

Core Viewpoint - The USD/JPY exchange rate experienced a significant increase, rising by 0.93% to 144.99 JPY following the release of the U.S. non-farm payroll report, breaking out of a narrow trading range earlier in the day [1] Summary by Relevant Sections - **Exchange Rate Movement** - The USD/JPY rose to 144.99 JPY, with a daily trading range of 143.45 to 145.23 JPY [1] - The currency pair surged from around 143.80 JPY to above 145 JPY after the employment report was released [1]