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Macro

Dollar Climbs to 158.92 Yen in Late New York Trade

The dollar rose 0.37% against the yen to 158.92 in late New York trading on Thursday, September 24, with an intraday range of 157.80-159.04 and a morning-session approach toward the September 2 high of 160.39. The yen has rebounded 4% since falling to 152.89 on September 8. The euro gained 0.29% and the pound 0.18% versus the yen, while the yen fell 0.34% against the offshore yuan.

Original source

AI take

The yen's move matters less for the headline level than for the breadth of the pullback: it weakened against the dollar, euro, pound and offshore yuan in the same session, suggesting broad rather than pair-specific pressure. The proximity of the September 2 high is the level worth watching, since a sustained break would test whether the earlier rebound from the September 8 low was a correction within a larger move or a genuine turn. Cross-currency yen weakness, not just dollar strength, is the signal to track.

Generated by AI for reference only.

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