[HIGHLIGHTS] The yen weakens in the NY market, dropping to the 148 yen level at one point, following the US employment statistics

The yen depreciated in response to last month's U.S. employment statistics.

Last month's employment statistics in the United States showed that the labor market was strong, so expectations that interest rates would be cut soon faded. The yen exchange rate temporarily fell to the 148 yen level to the dollar. The price has fallen to the148 yen level per dollar in the New York foreign exchange market on the 2nd, following the US employment statistics, according to NHK. There is a growing sense that the Governing Council may be cutting rates later than expected, a market source said.