The yen exchange rate on the Tokyo foreign exchange market on the 13th is rising against the dollar.
Market officials said, "The view that the next administration of Biden in the United States will increase the issuance of government bonds in order to carry out large-scale fiscal mobilization has spread, and long-term interest rates in the United States have been rising recently, but auctions for government bonds were strong. Because of this, the interest rate differential between Japan and the United States is becoming narrower, and there is a movement to sell dollars and buy yen. "