In the Tokyo foreign exchange market on the 6th, the yen exchange rate rose to the upper 115 yen level as the movement to buy the yen, which is said to be relatively low risk, spread due to the sharp drop in the Nikkei Stock Average.
The yen exchange rate as of 5 pm was 115.87 yen to 89 yen, which is 16 yen higher and the dollar weaker than the 5th.
With respect to the euro, the yen appreciated by 30 yen and the euro depreciated from 1 euro = 130.81 yen to 85 yen compared to the 5th.
The euro was 1 euro = 1.1289 to 90 dollars against the dollar.
Market officials said, "Long-term interest rates in the United States have risen from the perspective of accelerating monetary tightening, and the movement to buy dollars against the backdrop of widening interest rate differentials between Japan and the United States has prevailed. When the price dropped sharply, the movement to buy the yen, which is said to be relatively low risk, turned around from the sense of caution about the future of the economy. There is growing interest in employment and consumption trends. "