In the Tokyo foreign exchange market on the 11th, the dollar was sold as the rise in long-term interest rates in the United States stopped, and the yen exchange rate has risen somewhat.
Market officials said, "U.S. long-term interest rates as consumer price growth in the U.S. fell below market expectations and inflation concerns receded somewhat, as well as strong government bond auctions in the New York market on the 10th. As a result, investors who were buying dollars in anticipation of rising interest rates have begun to sell dollars and buy back yen. "