In the Tokyo foreign exchange market on the 27th, after the market intervention by the government and the Bank of Japan, the yen weakened again, and the yen exchange rate is trading at the 144 yen level to the dollar.
The yen depreciated to the upper 144 yen level to the US dollar at one point as long-term interest rates in the United States rose in the New York market on the 26th, and interest rate differentials between Japan and the United States widened. After entering the market, there is also a movement to sell the dollar and buy back the yen.
A market insider said, ``If the yen depreciates to 145 yen to the dollar, there are concerns that the government and the Bank of Japan may intervene in the market again, so the price movements are nervous.'' increase.