Safe-haven yen under pressure as traders eye end to U.S. government shutdown

The Japanese yen weakened as investors anticipated a resolution to the U.S. federal government shutdown and shifted toward risk-assets. The U.S. dollar index slid to 99.39, while the euro gained to $1.159 amid expectations that the Federal Reserve may cut rates in December. Analysts at Goldman Sachs flagged that U.S. employment data could resume only after the shutdown ends, delaying clarity for global currency markets.