On the 8th, the yen exchange rate in the Tokyo foreign exchange market temporarily fell to the mid-144 yen level, but when information was transmitted that the Ministry of Finance, the Financial Services Agency, and the Bank of Japan would hold an extraordinary meeting, there were moves to buy back the yen. .
In the Tokyo foreign exchange market on the 8th, the view that the FRB = Federal Reserve Board, which is the central bank of the United States, will continue to raise interest rates significantly, and the yen weakened to the mid-144 yen level to the dollar at one point.
In the afternoon, however, when it was reported that the Ministry of Finance, the Financial Services Agency, and the Bank of Japan would hold an extraordinary meeting, there was a move to buy back the yen from the view that the move to restrain the market might be strengthened.
As of 5:00 p.m., the yen was 8 yen higher against the dollar than on the 7th, from 143.81 yen to 83 yen to the dollar.
Against the euro, 1 euro was 143.54 to 58 sen, a 75 sen depreciation and a 75 sen appreciation compared to the 7th.
The euro was 1 euro = 0.9981 to 83 dollars against the dollar.
A market insider said, "Ministry of Finance Finance Minister Kanda said, 'We won't rule out all measures,' and strongly restrained the market from rapidly depreciating the yen, but the market's reaction was limited. At 8 in Japan time. Fed Chairman Powell is scheduled to speak at a debate on monetary policy day and night, and the European Central Bank is expected to raise interest rates significantly, and investors are trying to ascertain the content. There is movement," he said.