In the London foreign exchange market on the 8th, the movement to sell the yen and buy the dollar accelerated further, and the yen exchange rate temporarily dropped to the 134 yen level per dollar, renewing the yen's depreciation level for the first time in about 20 years. did.
In the London foreign exchange market on the 8th, while the Fed (Federal Reserve Board), which is the central bank of the United States, is strengthening its stance to raise interest rates, it is reminded that the interest rate gap with Japan, which shows a stance of continuing large-scale monetary easing, is widening. As a result, the movement to sell the yen and buy the dollar became stronger, and the yen exchange rate temporarily dropped to the 134 yen level per dollar.
This is the strongest yen and dollar for the first time in about 20 years and 4 months since February 2002.
The yen has also fallen against the euro, and market officials said, "While Japan's reluctance to tighten monetary policy has become clear, Europe and the United States are accelerating monetary tightening to curb inflation. The depreciation of the yen is accelerating against the backdrop of renewed awareness of the differences in the direction of monetary policy among investors. "