In the Tokyo foreign exchange market on the 3rd, the depreciation of the yen accelerated in the afternoon, and the yen exchange rate temporarily fell to the mid-145 yen level to the dollar.
It is approaching the level before the government and the Bank of Japan decided to intervene in the market by selling the dollar and buying the yen.
In the Tokyo foreign exchange market, the movement to sell yen and buy dollars increased in the afternoon, and the yen exchange rate temporarily fell to 145.40 yen to the dollar.
The 145 yen level is the first since the 22nd of last month when the government and the Bank of Japan decided to intervene in the market by selling the dollar and buying the yen in order to put a brake on the rapid depreciation of the yen.
Immediately after the intervention, the yen exchange rate temporarily rose to the low 140 yen level to the dollar, but the interest rate hike continued in the United States, and the yen weakened again due to the expectation that the interest rate differential between Japan and the United States would widen. .
As of 5:00 p.m., the yen exchange rate was 145 yen to 145.2 to 4 yen, which is 71 yen weaker to the dollar than last weekend.
On the other hand, against the euro, 1 euro was 142.28 to 32 sen, a 39 sen depreciation compared to last weekend.
The euro was 1 euro = 0.9811 to 12 dollars against the dollar.
A market insider said, "The yen depreciated to the mid-145 yen level to the US dollar at one point, but there was also a sense of caution about market intervention by the government and the Bank of Japan, and after that, buying and selling were mixed between the US dollar and the 145 yen level. It's gone."