In the Tokyo foreign exchange market on the 5th, the dollar was bought due to the rise in long-term interest rates in the United States, and the yen depreciated to the upper 107 yen level per dollar.
Market officials said, "The Fed's speech by Federal Reserve Board of Governors Powell, the central bank of the United States, did not show a strong sense of caution about rising long-term interest rates in the United States. In response to the trend of the yen depreciating to the 108 yen level at one time in the exchange market, the movement to buy high interest rate dollars continues in the Tokyo market, but due to the rapid depreciation of the yen There are also moves to sell the rising dollar to secure immediate profits. "