In the Tokyo foreign exchange market on the 14th, the depreciation of the yen against the dollar accelerated to the high 144 yen level to the dollar, but in the afternoon, there was a growing sense of caution that the government and the Bank of Japan might intervene in the market. There is also a movement to buy back the yen.
In the Tokyo foreign exchange market on the 14th, the rate of increase in the US consumer price index last month, which was announced on the night of the 13th (Japan time), exceeded the market's expectations. The movement to sell the yen and buy the dollar, which can be expected to yield more, has increased.
As a result, the yen depreciated by more than 2 yen from the 13th in the morning, and temporarily accelerated its depreciation against the dollar to the upper 144 yen level to the dollar.
However, in the afternoon, Finance Minister Suzuki said, "We will respond without excluding anything," which was seen as a strong check against the yen's depreciation. There was a growing sense of caution, and there was a movement to buy back the yen.
As a result, the yen exchange rate has returned to the mid-143 yen level to the dollar.
A market insider said, ``There is a growing sense of caution that the government and the Bank of Japan are preparing to intervene in the market.