Although the yen exchange rate fell in the Tokyo foreign exchange market on the 16th of the week, buying and selling were mixed due to differences in views on the pace of monetary tightening in the United States.
The yen exchange rate as of 5 pm was 129.35-37 yen, which is 55 yen weaker and the dollar stronger than last weekend.
Against the euro, the yen depreciated by 50 yen compared to last weekend, and the euro was 1 euro = 134.64-68 yen.
The euro was 1 euro = 1.0409-11 dollars against the dollar.
Market officials said, "Because of the weakness of the economic indicators released in China, there is a move to sell the dollar because the US monetary tightening will be slower than expected. The view that monetary tightening is progressing at a fast pace has prevailed, and the movement to sell yen and buy dollars has expanded. "