In the Tokyo foreign exchange market on the 30th, the movement to sell the dollar and buy the yen spread due to the decline in long-term interest rates in the United States, and the yen exchange rate temporarily rose to the 121 yen level per dollar.
In the Tokyo foreign exchange market on the 30th, the rise in crude oil futures prices was stopped in the New York market on the 29th, and concerns about accelerating inflation were eased, and long-term interest rates in the United States fell. Aware of the narrowing of the interest rate differential between Japan and the United States, the movement to sell dollars and buy yen has spread.
Market officials said, "The situation has improved among investors who have bought dollars, which have been said to be contingently strong to avoid risks, as both sides have made certain concessions in the ceasefire negotiations between Russia and Ukraine. The movement to sell the dollar has spread from the expectation of increase.