In the Tokyo foreign exchange market on the 14th, the yen exchange rate temporarily dropped to the upper half of the 137 yen level per dollar, and since September 1998, the yen has renewed its depreciation level for the first time in about 24 years.
With the US dollar's consumer price index rising to a record level higher than market expectations last month announced on the 12th, there is widespread speculation that US monetary tightening will accelerate further, and the interest rate differential between Japan and the US From the view that the US dollar will expand further, the movement to sell yen and buy dollars has intensified.