In the Tokyo foreign exchange market on the 8th, the yen exchange rate temporarily dropped to the upper half of the 133 yen level per dollar, renewing the yen's depreciation level for the first time in about 20 years.
In the Tokyo foreign exchange market on the 8th, as central banks in Europe and the United States are increasingly willing to raise interest rates, the widening interest rate differential between Japan and Europe and the United States is once again conscious, and the dollar and the dollar, which can be expected to yield more, can be sold. The movement to buy the euro has intensified.
The yen exchange rate temporarily dropped to the 133.60 yen level per dollar, renewing the yen's depreciation level for the first time in about 20 years.
The yen exchange rate as of 5 pm was 133.57-59 yen, which is 81 yen weaker and the dollar stronger than the 7th.
With respect to the euro, the yen depreciated by 88 yen compared to the 7th, and the euro was 1 euro = 142.76-80 yen.
The euro was 1 euro = 1.0688-90 dollars against the dollar.
Market officials said, "While the central banks in Europe and the United States are becoming more willing to raise interest rates, the Bank of Japan has a policy of maintaining monetary easing, and the yen-selling and dollar-buying movements are continuing in consideration of the widening interest rate differential between Japan and the United States. At a debate held by overseas media in the evening of Japan time, President Kuroda's renewed stance of adhering to monetary easing was also a factor in the depreciation of the yen. "