In the London foreign exchange market on the 3rd, the movement to buy dollars and sell yen became stronger, and the yen exchange rate fell to the 107 yen level, which is the lowest level in about 7 months.
In the London foreign exchange market, on the 3rd, the movement to buy dollars and sell yen became stronger against the background of high long-term interest rates in the United States, and the yen exchange rate temporarily dropped to the low 107 yen level per dollar.
It is the first time in about seven months since August last year that the yen depreciated to the 107 yen level.
Market officials said, "As long-term interest rates in the United States remain high, there is a growing movement to expect that the interest rate differential with Japan will continue to widen."