The yen exchange rate on the 4th of the holidays in the Tokyo foreign exchange market has fallen, and the price has been moving in the low 114 yen range.
The US Federal Reserve Board has decided to gradually reduce quantitative easing, and the yen is being sold, recognizing the difference from the Bank of Japan's monetary policy, which continues to carry out large-scale easing.
Market officials said, "At a meeting held until the 3rd, the Fed decided to gradually reduce quantitative easing and decided to shift from crisis response by the new coronavirus. Continue large-scale monetary easing measures. The difference from the BOJ's monetary policy has made it easier for the yen to sell. "