In the Tokyo foreign exchange market on the 28th, the yen exchange rate fell as the dollar was bought due to the rise in long-term interest rates in the United States, and the transaction was in the low 111 yen range for the first time in about 3 months. ..
The yen exchange rate as of 5 pm was 47 yen and the yen's depreciation was 1 dollar = 111.24 yen to 25 yen compared to the 27th.
Compared to the 27th, the euro was 46 yen, and the yen depreciated to 1 euro = 130 yen, which was just 4 yen.
Also, the euro was 1 euro = 1.1686 to 88 dollars against the dollar.
Market officials said, "There was growing speculation that the timing of interest rate hikes to tighten monetary policy in the United States would be earlier, and the rise in long-term interest rates in the United States led to the predominance of buying dollars. Attention is focused on the content of the Fed's testimony by Chairman Powell of the Federal Reserve Board, which takes place day and night. "