Amid the rapid depreciation of the yen, the Tokyo foreign exchange market was trading in the upper 143 yen range to the US dollar on the morning of the 9th.
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, showed a stance to continue raising interest rates again at an event held on this day, but it was within the expected range. As a result, the yen exchange rate movement is limited, and the dollar is in the upper 143 yen range.
A market insider said, ``There is growing speculation that the Fed will raise interest rates by 0.75% at its meeting in late September. It continues to be a vulnerable situation," he said.