In the New York foreign exchange market on the 7th, the yen weakened due to the view that the United States will continue to raise interest rates significantly, and the yen exchange rate temporarily fell to the upper 144 yen level to the dollar, which was close to 145 yen for the first time in about 24 years. updated the level of yen depreciation.
In the New York foreign exchange market on the 7th, the FRB = Federal Reserve Board, which is the central bank of the United States, will continue to raise interest rates significantly. strengthened.
As a result, the yen exchange rate temporarily dropped to the high 144 yen level to the dollar, approaching 145 yen, marking the first time since August 1998 that the yen has been at a weaker level for the first time in about 24 years.
However, after that, when FRB Vice Chairman Brainerd touched on the risks of monetary tightening in a speech, concerns about monetary tightening receded, and in response to the decline in long-term interest rates in the United States, there was a movement to buy back the yen. I was.
The yen exchange rate just touched the 140 yen level to the dollar on the 1st of this month, and since Fed Chairman Jerome Powell made it clear in his speech at the end of last month that he would continue to raise interest rates, the yen has depreciated rapidly.
A market insider said, ``There are speculations that the Japanese government and the Bank of Japan are unlikely to intervene in the market, and speculators are also increasingly selling the yen. I'm talking to