In the Tokyo foreign exchange market on the 2nd, the yen exchange rate temporarily rose by more than 2 yen due to concerns about the confrontation between the United States and China, and hit the first half of the 130 yen level to the dollar for the first time in about two months.
In the Tokyo foreign exchange market on the 2nd, in addition to concerns about the slowdown of the US economy, concerns about the worsening of US-China relations spread as it was reported that Speaker of the House of Representatives Pelosi is expected to visit Taiwan.
As a result, the movement to sell the dollar and buy the yen rapidly intensified, and the yen exchange rate temporarily exceeded 2 yen. rice field.
As of 5:00 p.m., the yen exchange rate was 1.73 yen higher against the dollar than on the 1st, at 130.82 yen to 130.84 yen against the dollar.
On the 14th of last month, the yen depreciated rapidly, reaching the first half of 139 yen to the dollar for the first time in about 24 years. The movement to sell the dollar and buy back the yen intensified, and it was further accelerated on the 2nd when it was reported that Speaker of the House of Representatives Pelosi visited Taiwan.
On the other hand, against the euro, compared to the 1st, it was 1.82 sen, and 1 euro = 133.77 to 81 sen, due to the appreciation of the yen and the depreciation of the euro.
The euro was 1 euro = 1.0225 to 26 dollars against the dollar.
A market insider commented, "Since China strongly opposed House Speaker Pelosi's visit to Taiwan, there is a growing movement among investors to avoid risks. Interest is gathering whether it will be such a development."