Although the price of the Tokyo foreign exchange market rose somewhat on the 2nd of the week, transactions continued to be centered around the low 130 yen range.
The yen exchange rate as of 5 pm was 120 yen to 12 yen, which is 49 yen higher and the dollar weaker than last Thursday.
With respect to the euro, the yen appreciated by 79 yen and the euro depreciated from 1 euro = 137.4 to 8 yen compared to last Thursday.
The euro was 1 euro = 1.0533 to 34 dollars against the dollar.
Market officials said, "Last week, the yen depreciated to the 131 yen level per dollar, and after renewing the yen's depreciation level for the first time in 20 years, the price has risen somewhat today as there is a move to buy back the yen. At the US monetary policy meeting held until the 4th, many investors refrained from aggressive trading in order to determine how much interest rates would be raised to curb inflation. "