In the Tokyo foreign exchange market on the 18th, due to the rise in long-term interest rates in the United States, there was a growing awareness of the widening interest rate differential between Japan and the United States. Did.
The yen exchange rate as of 5:00 pm was 135.28-30 sen to the dollar, 49 sen lower than the 17th.
Against the euro, 1 euro was 137.46-50 sen, a 43 sen depreciation compared to the 17th.
The euro was 1 euro = 1.0161 to 62 dollars against the dollar.
A market official said, ``The pace of interest rate hikes around the world will not accelerate in response to the UK consumer price index announced yesterday in Japan time last month reaching a record level for the first time in about 40 years. As a result, long-term interest rates in Europe and the United States rose.Therefore, there was a growing awareness of the widening interest rate differential between Japan and the United States, and there was a growing movement to sell the yen and buy the dollar, which is expected to yield higher yields."