In the Tokyo foreign exchange market on the 29th, the movement to sell dollars and buy yen accelerated due to the sense of caution about the recession in the United States, and the yen exchange rate temporarily rose by more than 2 yen, and it was 1 dollar for the first time in about a month and a half. = 132 yen level is attached.
In the Tokyo foreign exchange market on the 29th, the GDP = gross domestic product growth rate announced in the United States on the 28th became negative for the second consecutive quarter, and the sense of caution about the recession in the United States became stronger. ..
As a result, the movement to sell the dollar and buy the yen accelerated, the yen exchange rate rose by more than 2 yen, and the yen appreciated and the dollar weakened until the 1 dollar = the latter half of the 132 yen level.
It will be the first time in about a month and a half since the 17th of last month that the dollar will hit the 132 yen level.
Market officials said, "In the New York market on the 28th, long-term interest rates fell due to concerns about the outcome of GDP and the possibility that the pace of interest rate hikes in the United States would slow down. Interest rates in Japan and the United States also fell in the Tokyo market. Aware of the narrowing of the gap, the movement to sell dollars and buy yen is rapidly increasing. "