The market's focus on trading in the Asian session this morning (Wednesday) was focused on the presidential debate between the Republican candidate and former President of the United States (US) Donald Trump and the Democratic candidate who is also the Vice President, Kamala Harris.
Ahead of the presidential election in November, the heat was already felt at the first debate event between Trump and Harris who were seen vigorously 'attacking' each other.
Market analysts assessed Kamala Harris as more prominent and 'won' the debate while Trump criticized the personal aspects of his opponent more.
The main focus of the market today is on the United States (US) inflation data that will be published in the New York session.
However, the US dollar was seen to weaken slightly in the Asian session when the Trump-Harris debate took place just now.
The movement pattern of the currency market also changed compared to yesterday when the US dollar still maintained its strengthening.
The yen took advantage of the situation to strengthen in the Asian session while the US dollar moved gloomy in the market to rise to the highest level since the beginning of last January.
Supporting the strengthening of the Yen, Bank of Japan (BOJ) board member Junko Nakagawa in his speech stated that the central bank will continue to raise interest rates if the economy and inflation move in the forecast.
The yen once fell to the lowest level against the US dollar since 1986 last July before gradually recovering until early trading this September.
