The yen exchange rate on the Tokyo foreign exchange market on the 15th is a transaction with 1 dollar = 139 yen.
With the observation that monetary tightening will accelerate further in the United States, the interest rate differential between Japan and the United States is widening, and the movement to sell the yen and buy the dollar continues.
In the foreign exchange market, the yen is expected to be decided at a meeting later this month by the FRB = Federal Reserve Board, which is the central bank of the United States, in order to curb record inflation in the New York market on the 14th. The movement to sell and buy dollars intensified, 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.
The Tokyo foreign exchange market on the 15th has taken over this trend and is trading with the dollar = 139 yen level in between.
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, and investors are experiencing a rapid depreciation of the yen. And the Bank of Japan's response is also attracting attention. "