In the foreign exchange market on the 19th, the yen exchange rate fell to the 128 yen level per dollar, renewing the yen's depreciation level for the first time in about 20 years.
In addition, the price of the euro fell to the 138 yen level at 1 euro, the depreciation level for the first time in about 6 years and 8 months.
In the Tokyo foreign exchange market on the 19th, there is a further movement to buy dollars with higher yields and sell yen against the backdrop of the view that monetary tightening will intensify in the United States, long-term interest rates will rise, and the interest rate differential between Japan and the United States will widen. It has strengthened.
The yen exchange rate temporarily dropped to the 128 yen level per dollar, and since May 2002, the yen has renewed its depreciation level for the first time in about 19 years and 11 months.
The yen exchange rate as of 5 pm is from 128.06 yen to 8 yen, which is 1.43 yen cheaper than the 18th.
On the other hand, the price of the euro also dropped to the 138 yen level for the first time in about 6 years and 8 months, from 1 euro = 138.32 yen to 36 yen, which is 1.68 yen lower than the 18th. increase.
The euro was 1 euro = 1.0801 to 03 dollars against the dollar.
Market officials said, "As the United States and Europe are strengthening their stance to tighten monetary policy, the difference in policy with the Bank of Japan, which continues to take easing measures, makes it easier for the yen to sell. Investors are interested in the response and remarks of the government and the Bank of Japan because of the rapid progress. "