In the Tokyo foreign exchange market on the 17th, the movement to buy the dollar whose interest rate has risen and sell the yen has spread due to the rise in long-term interest rates in the United States, and the yen exchange rate has fallen to the upper 114 yen level per dollar, about 4 The yen depreciated against the dollar for the first time in eight months a year.
The yen exchange rate as of 5 pm was 62 yen compared to the 16th, and the yen's depreciation against the dollar was 1 dollar = 114.88 yen to 90 yen.
On the other hand, against the euro, it was 18 yen compared to the 16th, and the yen's appreciation against the euro was 1 euro = 129.84 yen to 88 yen.
The euro was 1 euro = 1.1302 to $ 04 against the dollar.
Market officials said, "Because of the rise in long-term interest rates in the United States due to concerns about inflation, there is a growing movement to buy dollars with higher yields and sell yen. On the other hand, 1 dollar = 115 yen. At a near level, domestic exporters and others have begun to sell the dollar and buy back the yen, and even in the latter half of the 114 yen range, it was a good match. "
Chairman of the Japan Chamber of Commerce and Industry Mimura "Watching the impact on SMEs"
Regarding this, Chairman Mimura of the Japanese Chamber of Commerce said at a regular press conference on the 17th, "If the current dollar = 114 yen level, there is still no big impact, but I do not worry if the yen depreciates further. I can't do it. "
On top of that, "It is difficult to see whether the yen is depreciating or not, but as the import price of crude oil rises, the price will rise even more if the yen depreciates. If the yen depreciates further, it will pay close attention to whether it will affect the procurement of raw materials for small and medium-sized enterprises and price negotiations with business partners.