In the New York financial market on the 19th, the yen traded at a level of 1 dollar = 144 yen against the backdrop of the Bank of Japan's decision to maintain large-scale monetary easing measures, and the Dow Jones Industrial Average reached an all-time high for 5 consecutive business days due to expectations that interest rates will be cut early next year in the United States.
The Bank of Japan maintained its large-scale monetary easing policy at the monetary policy meeting held on the 19th, and Governor Ueda's statement at a subsequent press conference that "I think it will be even more challenging from the end of the year to next year" in the Diet this month made it clear that his remarks were not intended to revise monetary policy at an early stage.
In response to this, in the foreign exchange market on the 19th, the yen depreciated as the expectation that the interest rate differential between Japan and the United States would narrow receded.
The yen fell to the latter half of the 1 dollar = 144 yen level in the London market, and although there was a move to buy back the yen in the New York market, it is moving at a level between 1 dollar = 144 yen.
In addition, in the New York stock market, stock prices continue to rise due to expectations that interest rates will be cut early next year in the United States, and the closing price of the Dow Jones Industrial Average on the 19th was 251,90 dollars 3 cents, 7557 dollars 92 cents higher than the previous day, and it was the fifth consecutive business day to update its all-time high.
This is the ninth consecutive business day that the Dow Jones Industrial Average has risen in price.