Business · Markets · 2 days ago
Yen weakens to 158.35–45 per dollar as US yields rise
The yen weakened against the US dollar in New York on October 9, ending at 158.35–45 yen per dollar.
That was 50 sen weaker than the previous day.
Higher US bond yields encouraged investors to buy dollars and sell yen.
The rise in oil prices also weighed on the yen, as energy costs can add to inflation concerns.
A US survey showed that consumers’ expectations for inflation over the next year rose to 4.7% in October.
Markets increasingly expected the Federal Reserve to raise interest rates again before the end of the year, which could widen the interest-rate gap between the United States and Japan.
The yen also fell against the euro, while the euro weakened against the dollar.
The account gives no specific next step for the yen’s exchange rate.
The yen weakened to 158.35–158.45 per dollar in New York trading on October 9.
The yen fell 50 sen against the dollar from the previous day as US interest rates rose.
Higher oil prices also weighed on the yen amid persistent inflation concerns.
A University of Michigan survey put US consumers’ one-year inflation expectations at 4.7% in October.
The market saw expectations of a Federal Reserve rate increase by year-end as supporting the dollar.
- Who
- The yen and the US dollar.
- What
- The yen weakened to 158.35–158.45 per dollar, down 50 sen from the previous day.
- When
- October 9, 2026, in New York trading.
- Where
- The New York foreign exchange market.
- Why
- Rising US interest rates and oil prices encouraged yen selling and dollar buying.
This story does not have two clearly opposing sides.
Global investor sentiment remains weak, while expectations of a Fed rate increase in December are supporting the dollar
US President Donald Trump indicated that he did not intend to attack Iran before the US midterm elections in November.
The yen weakened in New York trading as US interest rates rose.
The University of Michigan reported that one-year US inflation expectations rose to 4.7% in October.
- Yen exchange rate
- 158.35–158.45 per dollar
- Daily change
- 50 sen weaker against the dollar
- US long-term interest rate
- Rose as high as 5.28%
- One-year US inflation expectations
- 4.7% in October
- Yen against the euro
- 177.20–177.30 per euro
Sources
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