Yen exchange rate decline Awareness of widening interest rate differential between Japan and the United States The movement to sell the yen intensifies

On the 28th, the yen exchange rate fell in the Tokyo foreign exchange market.

With the rise in long-term interest rates in the United States and the widening interest rate differential between Japan and the United States, the movement to buy dollars and sell yen, which are expected to yield higher yields, has intensified.

As of 5 pm, the yen exchange rate was 69 yen compared to the 27th, and the yen depreciated against the dollar from 135.75 yen to 76 yen.

In addition, against the euro, the yen depreciated by 68 yen compared to the 27th, and the euro rose from 1 euro = 143.68 yen to 72 yen.

The euro was 1 euro = 1.0584 to 86 dollars against the dollar.

Market officials said, "The rise in long-term interest rates in the United States has reminded us of the widening interest rate differential between Japan and the United States, and the movement to buy dollars, which are expected to yield higher yields, and sell the yen has intensified. Due to the difference in the direction of Japan's monetary policy, which keeps it low, the yen continues to be easy to sell. "