Yen exchange rate 1 dollar = yen depreciation in the middle of the 144 yen range due to awareness of widening interest rate differentials between Japan and the United States

In the Tokyo foreign exchange market on the 8th, the yen is trading at the mid-144 yen level against the US dollar, as the yen continues to sell easily due to the widening interest rate differential between Japan and the United States.

In the New York market on the 7th, the yen exchange rate fell to a level approaching 145 yen to the dollar at one point due to the view that the US FRB = Federal Reserve Board will continue to raise interest rates, and even after entering the Tokyo market, Japan and the United States. The yen is likely to be sold due to the widening interest rate differential.

A market insider said, ``The yen exchange rate, which was close to 145 yen to the dollar at one time, was triggered by a senior FRB official's speech, which touched on the risk that monetary tightening would adversely affect the economy. However, there is no change in the view that the interest rate differential between Japan and the United States will widen, and there is no end to the yen's depreciation."