In the Tokyo foreign exchange market on the 7th, the yen depreciated against the background of growing speculation that the United States will raise interest rates significantly, and the yen exchange rate is trading at around 145 yen to the dollar.
On the 6th, executives of the FRB = Federal Reserve Board, which is the central bank of the United States, made positive statements about monetary tightening one after another, and the expectation of a significant interest rate hike increased, so long-term interest rates in the United States rose.
In response to this, the Tokyo foreign exchange market on the 6th was conscious of the widening interest rate differential between Japan and the United States, and there was a growing movement to sell the yen and buy the dollar, which can be expected to yield more, and the yen exchange rate was traded at around 145 yen to the dollar. I'm here.
A market insider said, ``Recent economic indicators in the United States fell short of market expectations, and there was a view that the pace of interest rate hikes would slow down, but following the remarks of senior FRB officials, the view that the pace of interest rate hikes would accelerate again increased. , If the yen depreciates above 145 yen to the dollar, people will become more cautious about market intervention by the government and the Bank of Japan, and it will be easy for them to buy back the yen."