In the Tokyo foreign exchange market on the 5th, the yen depreciated by more than 1 yen compared to the 4th, and the dollar was traded in the low 108 yen range for the first time since June last year.
Aware of the widening interest rate differential between Japan and the United States, the movement to sell yen and buy dollars has progressed.
As of 5 pm, the yen exchange rate was from 108.26 yen to 27 yen, which is 1.11 yen weaker and the dollar stronger than on the 4th.
With respect to the euro, the yen depreciated by 22 yen compared to the 4th, and the euro rose from 1 euro = 129.36 yen to 40 yen.
The euro was 1 euro = 1.1949 to 50 dollars against the dollar.
Market officials said, "In response to a lecture by Fed Chairman Powell, the central bank of the United States, long-term interest rates in the United States will rise, and we will sell yen and buy dollars in consideration of the widening interest rate differential between Japan and the United States. The move has taken place. Investors are paying close attention to the results of the US employment statistics released tonight at Japan time. "