In the Tokyo foreign exchange market on the 24th, the movement to buy dollars and sell yen became stronger due to the rise in long-term interest rates in the United States, and the yen exchange rate temporarily dropped to the 121.70 yen level for the first time in 6 years and 3 months.
The yen exchange rate as of 5 pm was 121.62-64 yen, which is 56 yen weaker and the dollar stronger than the previous day.
With respect to the euro, the yen depreciated by 15 yen compared to the previous day, and the euro was 1 euro = 133.52-56 yen.
The euro was 1 euro = 1.0978-80 dollars against the dollar.
Market officials said, "The Fed is aware of its positive attitude toward raising interest rates, and the rise in long-term interest rates in the United States has strengthened the movement to buy dollars and sell yen, and the yen exchange rate has been temporarily for the first time in 6 years and 3 months. The price has dropped to the level of. As the price of crude oil has soared and the dollar price used for imports has also increased, it is easy to continue the trend of selling yen and buying dollars. "