In the Tokyo foreign exchange market on the 7th, the movement to sell the yen and buy the dollar spread in response to the rise in long-term interest rates in the United States, and the yen exchange rate fell to the low 103 yen level per dollar.
As of 5 pm, the yen exchange rate was 62 yen compared to the 6th, and the yen's depreciation was 1 dollar = 103.36 yen to 37 yen.
Compared to the 6th, the euro was 48 yen, and the yen depreciated from 1 euro = 127.25 yen to 29 yen.
The euro was 1 euro = 1.2311 to 12 dollars against the dollar.
Market officials said, "The Democratic Party's victory in the US Senate's final vote has been confirmed, and it has become easier for the next Biden administration to carry out large-scale fiscal mobilization. Even after the long-term interest rate exceeded 1% for the first time in about 10 months, it rose further, and the movement to sell the yen and buy the dollar with a high interest rate spread. "