Against the backdrop of the rise in long-term interest rates in the US and the Tokyo foreign exchange market on the 8th, the movement to sell the yen and buy the dollar intensified, and the yen exchange rate fell.
The yen exchange rate as of 5 pm was 1 dollar = 124.4 yen to 5 yen, which is 29 yen weaker than the 7th.
On the other hand, against the euro, the yen appreciated by 6 yen and the euro depreciated from 1 euro = 134.79 yen to 83 yen compared to the 7th.
The euro was 1 euro = 1.0866 to 68 dollars against the dollar.
Market officials said, "If the US consumer price index released on the 12th of Japan time reaches a high level, the Fed = Federal Reserve Board may further accelerate monetary tightening. As a result, long-term interest rates in the United States are rising. As a result, the interest rate differential between Japan and the United States is widening, and there is a move to sell yen and buy dollars. "