In the foreign exchange market on the 9th, the yen exchange rate temporarily rose to the mid-141 yen level to the dollar in the London market due to the remarks by Governor Kuroda of the Bank of Japan as a restraint on the rapid depreciation of the yen, but then New York. In the market, the price fell to the upper half of 142 yen per dollar, resulting in rough price movements.
In the foreign exchange market, the yen has been depreciating rapidly recently, and the yen exchange rate temporarily fell to the upper 144 yen level to the dollar on the 7th.
However, on the 9th, the Governor of the Bank of Japan Kuroda indicated that the recent depreciation of the yen was a sudden change, and it was perceived that the depreciation of the yen was restrained, so there was a move to sell the dollar and buy back the yen.
As a result, the yen exchange rate temporarily rose to the mid-141 yen level to the dollar in the London market.
After that, in the New York market, the interest rate difference between Japan and the United States was partly due to the fact that Fed Waller, the director of the Federal Reserve Board, which is the central bank of the United States, said in a speech that he would support raising interest rates again at a meeting later this month. The yen was sold again due to the expansion of the yen, and the yen exchange rate fell to the upper half of the 142 yen level to the dollar.
A market insider said, "Although the yen was bought back by the remarks of Governor Kuroda of the Bank of Japan, the movement to sell the yen is deep-rooted because of growing speculation that the Fed will raise interest rates by 0.75% at its meeting later this month. It is unclear whether the yen's depreciation will come to a halt."