In the Tokyo foreign exchange market on June 1, the yen exchange rate fell to the 129 yen level per dollar.
As monetary tightening to curb inflation accelerates in Europe and the United States, the yen depreciated by more than 1 yen due to the awareness of widening interest rate differentials with Japan.
The yen exchange rate as of 5 pm was 41 yen from 129.39 yen, which is 1.64 yen weaker and the dollar stronger than on May 31.
With respect to the euro, the yen depreciated by 1.47 yen compared to the 31st, and the euro rose from 1 euro = 138.63 yen to 67 yen.
The euro was 1 euro = 1.0714 to 16 dollars against the dollar.
Market officials said, "Financial tightening to curb inflation is accelerating in Europe and the United States as international crude oil prices rise and the growth rate of the consumer price index in the euro area reached a record high in May. The view that it will do so has spread. With the awareness that the interest rate differential will widen between Japan and Japan, which continues to carry out large-scale monetary easing, the yen has become a big seller for each of the dollar and the euro. "