{
  "id": 5524485,
  "title": "Dollar rebounds to 156 yen after fall on hopes for narrower rate gap",
  "url": "https://urgent.news/2026/09/04/dollar-rebounds-to-156-yen-after-fall-on-hopes-for-narrower-rate-gap",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T08:41:32.000Z",
  "source": {
    "name": "The Mainichi",
    "slug": "the-mainichi",
    "url": "https://mainichi.jp/english/articles/20260904/p2g/00m/0bu/033000c"
  },
  "original_language": "en",
  "account": "Tokyo (Kyodo) - The U.S. dollar regained strength, reaching 156 yen on Friday in Tokyo, after a decline triggered by concerns that the interest rate differential between Japan and the United States might narrow. The dollar had plummeted in New York overnight, slipping more than 3 yen from its previous day's level, after Federal Reserve Governor Christopher Waller indicated that the Fed might keep interest rates unchanged if inflation data showed a slowdown. The greenback then retreated as traders adjusted positions and took profits ahead of the U.S. nonfarm payrolls release later that day, while high oil prices boosted sentiment. Yuzo Sakai, chief manager at Ueda Totan Forex Ltd., noted that the dollar's drop was seen as excessive by some, with traders taking advantage of the dip. The Japanese government bond yield dropped to a weekly low of 2.895 percent due to easing inflation concerns and a weaker yen, while a decline in U.S. Treasury yields also supported the dollar. Tokyo stocks rebounded, with the Nikkei Stock Average climbing 806.46 points, or 1.26 percent, to 65,020.94, while the Topix index rose 1.19 points, or 0.03 percent, to 4,103.23. The Prime Market's top performers were information and communication, securities house and nonferrous metal issues. More than half of the market's sectors slipped due to the sharp currency moves, particularly automaker shares, which are sensitive to a stronger yen. The Nikkei stock index benefited from strong performances by heavyweight shares, which rebounded after being pressured by fears of being overvalued amid rising bond yields. The Topix index also turned positive as the dollar strengthened. SoftBank Group and Fast Retailing contributed to the gains. Trading activity remained subdued. Market participants are expected to remain cautious until the Bank of Japan's rate hike is confirmed, as most analysts have already priced in the move for this month, according to Shota Sando, an equity market analyst at the Tokai Tokyo Intelligence Laboratory Co.",
  "summary": "TOKYO (Kyodo) -- The U.S. dollar rebounded to the 156 yen range Friday in Tokyo, briefly dropping to the lower 155 yen level, following a plunge on sp",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Australian Dollar strengthens on RBA hike odds",
        "url": "https://urgent.news/2026/09/04/australian-dollar-strengthens-on-rba-hike-odds",
        "published": "2026-09-04T02:07:14.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "European markets muted as investors pare Fed rate hike bets",
        "url": "https://urgent.news/2026/09/04/european-markets-muted-as-investors-pare-fed-rate-hike-bets",
        "published": "2026-09-04T07:56:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}