In the Tokyo foreign exchange market on the 1st, the yen exchange rate rose as a move to buy the yen, which is considered to be a relatively safe currency, due to a sense of caution about the impact of economic sanctions on Russia on the world economy.
The yen exchange rate as of 5 pm was 115.3-4 yen, which is 46 yen higher and the dollar weaker than the 28th.
With respect to the euro, the yen appreciated by 5 yen and the euro depreciated by 1 euro = 129.17-21 yen compared to the 28th.
The euro was 1 euro = 1.1229-30 dollars against the dollar.
Market officials said, "Many investors are concerned about the economic impact of measures such as shutting out Russian banks from the international payment network SWIFT, which has led to a move to buy the yen, which is considered to be a relatively safe currency. There is also a view that the pace of monetary tightening in the United States may slow down in consideration of the slowdown in the economic recovery, and investors who are conscious of narrowing the interest rate differential are buying the yen. "