Mumbai, Oct. 1 -- Yen held around 147.5 per dollar on Wednesday, extending gains for a fourth straight session as improved sentiment among Japan's large manufacturers lifted confidence to its strongest since Q4 2024. Support also came from a weaker dollar, pressured by the US government shutdown after lawmakers failed to agree on a short-term funding deal. The BOJ's September Summary of Opinions revealed a split, with some policymakers favoring further hikes if inflation holds, while others urged caution given tariff-related risks. With the shutdown delaying key data, traders are turning to ADP private payrolls figures for clues ahead of the Fed's late-October policy meeting.
Published by HT Digital Content Services with permission from ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.