Yen exchange rate falls somewhat. Yen selling movement from the perspective of widening interest rate differentials between Japan and the United States

In the Tokyo foreign exchange market on the 14th, the yen exchange rate fell somewhat against the dollar.

As of 5 pm, the yen exchange rate was 104.3 to 4 yen, which is 35 yen weaker than the 13th.

With respect to the euro, the yen appreciated by 20 yen and the euro depreciated from 1 euro = 126.32 yen to 36 yen compared to the 13th.

The euro was 1 euro = 1.2142 to 44 dollars against the dollar.

Market officials said, "U.S. long-term interest rates are expected to increase due to huge fiscal stimulus, local media reports that the plan for additional economic measures to be announced by President-elect Biden will be about $ 2 trillion. The rise in interest rates has further progressed. From the perspective that the interest rate differential between Japan and the United States will widen, there has been a move to sell yen with low interest rates and buy dollars. "