In the Tokyo foreign exchange market on the 23rd, speculation that the United States will continue to raise interest rates again spread, and the yen exchange rate fell.
The yen exchange rate as of 5:00 pm was 137.27 to 29 sen to the dollar, 44 sen weaker to the dollar than on the 22nd.
On the other hand, against the euro, 1 euro was 136.35 to 39 sen, which is 55 sen higher than the 22nd.
Also, the euro was 1 euro = 0.9933 to 35 dollars against the dollar.
A market official said, ``The view that US record inflation has passed its peak was spreading among investors, but executives of the Federal Reserve Board, the US central bank, said they would suppress inflation. As a result, the movement to sell the yen and buy the dollar, which is expected to yield higher yields, is gaining strength again."