The Tokyo foreign exchange market on the 26th after the consecutive holidays, the government and the Bank of Japan decided to intervene in the market to sell the dollar and buy the yen for the first time in 24 years, and the yen appreciated to the lower 140 yen level to the dollar on the 22nd of last week. However, it is currently trading at the 143 yen level.

In the foreign exchange market, there is a growing view that if long-term interest rates in the United States continue to rise and the interest rate differential between Japan and the United States widens, the yen may weaken again. There is also a sense of caution that they may embark on intervention.



A market insider said, "The market has become a nervous trade while being cautious of the actions of the government and the Bank of Japan."