In the Tokyo foreign exchange market on the 18th, the yen was sold after the Bank of Japan's governor Kuroda stated at a press conference that "the basic structure in which the depreciation of the yen has a positive effect on the Japanese economy remains unchanged." During the press conference, the price dropped to just 119 yen per dollar.
At a press conference after the BOJ's Governor Kuroda's meeting to decide monetary policy, the Tokyo foreign exchange market on the 18th emphasized the policy of continuing monetary easing. I think that there is no change in the basic structure that it has a positive effect on the economy. " , 1 dollar = 119 yen The price has dropped to just.
The yen exchange rate as of 5 pm was 118.85-87 yen against the dollar, which was 19 yen weaker and the dollar stronger than the 17th.
With respect to the euro, the yen depreciated by 61 yen compared to the 17th, and the euro was 1 euro = 131.66-70 yen.
The euro was 1 euro = 1.1078-79 dollars against the dollar.
Market officials said, "While the central banks in Europe and the United States are raising interest rates to curb inflation, Governor Kuroda said,'Japan does not need to raise interest rates at all.' However, the yen was sold. However, the amount of decline was limited because the Bank of Japan's stance did not change and the remarks were within expectations. "