In the Tokyo foreign exchange market on the 1st, there was a move to sell the dollar and buy the yen, which is considered to be a relatively safe asset, due to concerns about the economic slowdown in the United States, and the yen exchange rate temporarily rose to the 134 yen level.
The yen exchange rate as of 5 pm was 135.30-32 yen, which is 89 yen higher and the dollar weaker than June 30.
In addition, against the euro, the yen appreciated by 93 yen and the euro depreciated by 1 euro = 141.32-36 yen compared to the 30th.
The euro was 1 euro = 1.0445-47 dollars against the dollar.
Market officials said, "Because of concerns about the economic slowdown in the United States, investors have begun to sell the dollar and buy the yen, which is considered to be a relatively safe asset, in an attempt to avoid risks. Long-term interest rates have fallen due to the movement to buy US government bonds, which are considered to be a valuable asset, and the fact that the interest rate differential between Japan and the US has narrowed somewhat has led to yen buying. "