In the Tokyo foreign exchange market on the 23rd, as long-term interest rates in the United States rose, the movement to buy dollars with expected yields and sell yen became stronger, and the yen exchange rate fell to the 121 yen level per dollar.
The yen exchange rate as of 5 pm was 121.06 to 7 yen, which is 59 yen weaker and the dollar stronger than the 22nd.
With respect to the euro, the yen depreciated by 1.5 yen compared to the 22nd, and the euro rose from 1 euro = 133.37 yen to 41 yen.
The euro was 1 euro = 1.1017 to 18 dollars against the dollar.
Market officials said, "While the Bank of Japan maintains large-scale monetary easing measures, long-term interest rates in the United States rise as senior Fed officials in the United States make positive statements to raise interest rates one after another, and the interest rate differential between Japan and the United States. With the further awareness of the expansion of the monetary policy, the movement to buy dollars with expected yields and sell yen is increasing. The remarks of Fed Chairman Powell and others continue to attract attention. "