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In response to FRB chairman’s remarks, the Dow additionally turned to a decline within the NY market resulting from a brief yen depreciation | NHK

Following the FRB = Federal Reserve Chairman Powell’s speech on the Jackson Hole convention, the view that the US financial tightening shall be extended within the New York monetary market on the twenty fifth unfold.

As a outcome, within the New York overseas change market, the motion to promote the yen and purchase the dollar strengthened, and the yen change charge quickly fell to the higher 146 yen degree to the dollar, and the New York stock market rose earlier than the lecture. The Dow Jones Industrial Average has turned downward.