Yen rate rises Long-term interest rate declines in Europe and the United States Due to the narrowing of interest rate differentials with Japan

On the 23rd, the yen exchange rate rose in the Tokyo foreign exchange market.

Long-term interest rates fell in Europe and the United States due to a sense of caution about the economic slowdown caused by rapid monetary tightening, and the yen was bought in response to the narrowing of the interest rate differential with Japan.

As of 5 pm, the yen exchange rate was 86 yen compared to the 22nd, and the yen's appreciation against the dollar was 1 dollar = 135.37 yen to 38 yen.

With respect to the euro, the yen appreciated by 86 yen and the euro depreciated from 1 euro = 142.24 yen to 28 yen compared to the 22nd.

The euro was 1 euro = 1.0507 to 09 dollars against the dollar.

Market officials said, "In the United States, which is rushing to tighten monetary policy, Fed Chairman Powell acknowledged the possibility of an economic slowdown due to a rate hike in a parliamentary testimony on the 22nd. It was lower than expected. Long-term interest rates fell in Europe and the United States due to a sense of caution about the economic slowdown, and the yen was bought in response to the narrowing of the interest rate differential with Japan. "