Transactions with the yen exchange rate of 1 dollar = 139 yen in the observation of accelerating tightening of rice

In the Tokyo foreign exchange market on the 15th, the yen exchange rate is a transaction with 1 dollar = 139 yen.

From the observation that monetary tightening will accelerate further in the United States, the movement to sell the yen and buy the dollar continues, conscious of the widening interest rate differential between Japan and the United States.

In the foreign exchange market, the FRB = Federal Reserve Board, the central bank of the United States, may decide to raise interest rates significantly at a meeting later this month in order to curb record inflation in the New York market on the 14th. , The movement to sell the yen and buy the dollar became stronger, and the yen exchange rate temporarily dropped to the 139.30 yen level per dollar, renewing the yen's depreciation level for the first time in about 24 years.

Market officials said, "As inflation continues to record in the United States, the Fed continues to be nervous about the pace of rate hikes and its impact on the economy. There is also a lot of interest in responding. "