In the Tokyo foreign exchange market on the 3rd, the recent trend of rapid appreciation of the yen reversed, and the yen exchange rate temporarily fell by more than 3 yen to the upper 133 yen level to the dollar.
In the foreign exchange market, the view that the United States may be cautious about tightening monetary policy has receded, and more investors expect interest rate hikes to continue, increasing the momentum of dollar buying.
The yen exchange rate at 5:00 pm was 2.39 yen compared to the 2nd, and the yen depreciated against the dollar to 133.21 to 23.
In addition, against the euro, it was 1.81 yen compared to the 2nd, and 1 euro = 135.58 yen to 62 yen due to the depreciation of the yen against the euro.
The euro was 1 euro = 1.0178 to 79 dollars against the dollar.
A market insider said, ``Some investors have become more concerned about China's announcement of import and export restrictions and military exercises against Taiwan in response to the meeting between U.S. House Speaker Pelosi and Taiwanese President Tsai Ing-wen. Since then, the momentum of dollar buying has weakened somewhat."