In the Tokyo foreign exchange market on the 31st, the yen exchange rate fell somewhat due to the movement to sell the yen and buy the dollar, which is expected to have a higher yield, due to the rise in long-term interest rates in the United States.
The yen exchange rate as of 5 pm was 127.75 to 76 yen, which is 40 yen weaker and the dollar stronger than the 30th.
With respect to the euro, the yen depreciated by 34 yen compared to the 30th, and the euro rose from 1 euro = 137.16 yen to 20 yen.
The euro was 1 euro = 1.0736 to 37 dollars against the dollar.
Market officials said, "The Fed's executives on the Federal Reserve Board made a positive statement on the 30th to tighten monetary policy, raising long-term interest rates in the United States and widening the interest rate differential between Japan and the United States. There was a move to buy the dollar, which is expected to yield higher yields. On the 31st, a meeting between President Byden and Fed Chairman Powell is scheduled, and the market will see what kind of message will be issued about US inflation. Is attracting attention. "