The yen's buying power against the US dollar continued, and at one point surged to 155.80 in the intraday period; Japanese treasury bonds took back their previous gains and turned down during the day, and the yield on the 10-year benchmark treasury bond rose slightly to 2.92%. USD/JPY fell slightly to 156.15. Keiichiiguchi, senior strategist at Resona Holdings, said that the previous situation where only foreign exchange intervention could stop the unilateral depreciation of the yen has changed, and the 160 mark has now become an unattainable point. He added that the market will now focus on whether the exchange rate can fall below the 155 mark; if it falls below this mark, the yen is expected to challenge the high during the year. After the US Bureau of Labor Statistics released employment data that surpassed expectations last Friday, US President Trump once again pressured the Federal Reserve to cut interest rates. According to data from the US Commodity Futures Trading Commission, hedge funds once again accumulated short positions in yen during the reporting period ending September 1.

The yen's buying power against the US dollar continued, and at one point surged to 155.80 in the intraday period; Japanese treasury bonds took back their previous gains and turned down during the day, and the yield on the 10-year benchmark treasury bond rose slightly to 2.92%. USD/JPY fell slightly to 156.15. Keiichiiguchi, senior strategist at Resona Holdings, said that the previous situation where only foreign exchange intervention could stop the unilateral depreciation of the yen has changed, and the 160 mark has now become an unattainable point. He added that the market will now focus on whether the exchange rate can fall below the 155 mark; if it falls below this mark, the yen is expected to challenge the high during the year. After the US Bureau of Labor Statistics released employment data that surpassed expectations last Friday, US President Trump once again pressured the Federal Reserve to cut interest rates. According to data from the US Commodity Futures Trading Commission, hedge funds once again accumulated short positions in yen during the reporting period ending September 1.