In the Tokyo foreign exchange market on the 22nd, the yen's exchange rate rose as the movement to sell dollars and buy yen became stronger against the backdrop of a decline in long-term interest rates due to a sense of caution about the economic slowdown in the United States.
As of 5 pm, the yen exchange rate was 1 yen compared to the 21st, and the yen's appreciation against the dollar was 1 dollar = 137.58 yen to 60 yen.
Against the euro, it was 1.81 yen compared to the 21st, and the yen's appreciation and euro depreciation was 1 euro = 139.48 yen to 52 yen.
The euro was 1 euro = 1.0138 to 40 dollars against the dollar.
Market officials said, "Because long-term interest rates have fallen in the United States due to a sense of caution about the economic slowdown, the movement to sell dollars and buy yen has intensified as the interest rate differential between Japan and the United States is narrowing. Despite the European Central Bank's decision to raise interest rates for the first time in 11 years, investors are wary of a slowdown as the French and German economic indices released this evening fall below market expectations. The feeling became stronger, and the euro was sold against the yen. "