On the 8th, the New York foreign exchange market saw a mix of buying and selling of the yen, with the yen trading at a level of 144 yen to the dollar.
In the New York foreign exchange market on the 8th, Chairman Powell of the FRB = Federal Reserve Board, which is the central bank of the United States, indicated at an event held on this day that he would continue to raise interest rates again, but it was within the expected range. This was accepted, and movements in the yen exchange rate were limited.
Since then, the yen has been trading at a level of 144 yen to the dollar, with the yen trading at a mixed price.
In the foreign exchange market, the view that the U.S. will continue to raise interest rates sharply has caused the yen to depreciate rapidly as the interest rate differential between Japan and the U.S. widens. The price dropped to a level approaching 145 yen in the second half.
A market official said, ``There is growing speculation that the Fed will raise interest rates by 0.75% at its meeting in late September, and the trend of selling the yen and buying the dollar, which is expected to have a higher yield, will continue for the time being. I have a strong view of."