Yen exchange rate rise "Dollar selling of profit taking at a rapid yen depreciation pitch"

On the 21st, the Tokyo foreign exchange market and the yen exchange rate rose somewhat.

In response to the recent depreciation of the yen and the appreciation of the dollar, dollar sales have been launched to secure profits.

As of 5 pm, the yen exchange rate was 23 yen compared to the 20th, and the yen's appreciation against the dollar was 1 dollar = 114.11 yen to 13 yen.

In addition, against the euro, it was 8 yen compared to the 20th, and the yen's appreciation and euro depreciation was 1 euro = 132.83 yen to 87 yen.

The euro was 1 euro = 1.1640 to 42 dollars against the dollar.

Market officials said, "The depreciation of the yen and the appreciation of the dollar have led to the sale of dollars to secure profits. However, long-term interest rates in the United States are on the rise against the backdrop of soaring crude oil prices. Many investors see it continue, and the yen's price increase is limited. "