The Dow Jones Industrial Average surged 1.3% on Thursday, reaching close to 53,750 points. This marks its strongest trading session since early August, according to FX Street.
A Federal Reserve governor indicated a willingness to support holding interest rates steady at the upcoming September 15-16 meeting, provided inflation data continues to show favorable trends, FX Street reported. This stance has contributed to positive market sentiment.
For Japanese investors, the Dow’s performance and the Fed’s cautious approach to rate hikes remain key factors influencing global risk appetite and currency movements ahead of the central bank’s decision.