In the Tokyo foreign exchange market on the 24th, the yen's exchange rate rose as the movement to buy the yen, which is considered to be a relatively safe asset, intensified due to concerns about the economic slowdown due to the rapid monetary tightening in Europe and the United States.
The yen exchange rate as of 5 pm was 84 yen higher and the dollar weaker than the 23rd, from 1 dollar = 134.53 yen to 55 yen.
With respect to the euro, the yen appreciated by 66 yen and the euro depreciated compared to the 23rd, from 1 euro = 141.58 yen to 62 yen.
The euro was 1 euro = 1.0524 to $ 26 against the dollar.
Market officials said, "As Europe and the United States accelerate the pace of rate hikes to curb inflation, the deterioration of the index showing business sentiment has heightened concerns about the economic slowdown in Europe and the United States, and the yen is considered relatively safe. The movement to buy is getting stronger. "