In the London foreign exchange market on the 11th, the movement to buy dollars and sell yen became stronger, and the yen exchange rate temporarily dropped to the low 113 yen level per dollar, which was the first depreciation level in about 2 years and 10 months.
In the London foreign exchange market, on the 11th, the movement to buy dollars and sell yen became stronger against the backdrop of rising long-term interest rates in the United States, and the yen exchange rate temporarily dropped to the low 113 yen level per dollar.
It is the first time in about 2 years and 10 months since December 2018 that the yen depreciated to the 113 yen level.
Market officials say, "There is a growing view that long-term interest rates in the United States are rising and the interest rate differential with Japan will continue to widen."