In the Tokyo foreign exchange market on the 28th, following the meeting of the Federal Reserve Board, which is the central bank of the United States, there is widespread perception that the pace of monetary tightening may slow down, and the movement to sell dollars and buy yen Has strengthened, and the yen exchange rate has risen by more than 1 yen.
The yen exchange rate as of 5 pm was 59 yen from 135.57 yen, which is 1.40 yen higher and the dollar weaker than the 27th.
The US Fed has decided to raise interest rates by 0.75% at a meeting held until the 27th, but there is widespread belief that the pace of monetary tightening may slow down in response to Chairman Powell's remarks after the meeting. rice field.
For this reason, from the view that the widening of the interest rate differential between Japan and the United States will be suppressed more than previously expected, the movement to sell the dollar and buy the yen has spread, and the price has increased by more than 1 yen compared to the 27th.
Compared to the 27th, the yen appreciated by 45 yen against the euro, which was 1 euro = 138.43 yen to 47 yen.
The euro was 1 euro = 1.0211 to 13 dollars against the dollar.
"Investors are deeply concerned about the slowdown in the US economy, the dollar buying movement is calm, and the rapid depreciation of the yen has come to a halt," said a market source.