In the Tokyo foreign exchange market on the 28th, the yen exchange rate was in the upper 144 yen range to the US dollar.

Last week, the government and the Bank of Japan decided to intervene in the market to put the brakes on the rapid depreciation of the yen, but since then the yen has continued to depreciate.

The yen exchange rate at 5:00 pm was 144.55 to 58 sen to the dollar, 29 sen lower than the previous day.



Against the euro, the exchange rate rose by ¥71 from the previous day to ¥138.45 to ¥138.49.



The euro was 1 euro = 0.9577 to 79 dollars against the dollar.



A market insider said, "Due to the difference in monetary policy between Japan and the United States, the yen is likely to depreciate against the dollar. On the other hand, when the dollar is close to 145 yen, the government and the Bank of Japan will again intervene in the market. There are many investors who are wary of the possibility of doing so, and the yen exchange rate is hovering in the upper 144 yen range."