Japan's top currency official, Atsushi Mimura, issued a warning regarding the yen's recent depreciation, which has fallen beyond 150 per dollar. Following this announcement, the yen showed a slight recovery, reaching 149.88 per dollar. Analysts anticipate further declines, with predictions suggesting a potential drop to 160 per dollar, influenced by robust economic data from the United States that is impacting traders' expectations of Federal Reserve rate cuts.
In China, September saw a continued decline in home prices, with new-home prices in 70 cities dropping by 0.71% from August, closely mirroring the previous month's decline of 0.73%. Additionally, used home prices fell by 0.93%, following a 0.95% decrease in the prior month. These figures reflect ongoing challenges in stabilizing the real estate sector despite government interventions.