In the foreign exchange market on the 13th, the yen exchange rate fell to the 147 yen level against the dollar, marking the lowest level of yen depreciation in 24 years since 1998.
The US consumer price index for last month was released on the 13th and slightly exceeded market expectations, rising 8.2% from the same month last year.
For this reason, the Fed (Federal Reserve Board), which is the central bank of the United States, has continued to raise interest rates significantly, and the movement to sell the yen and buy the dollar has increased from the view that the interest rate differential between Japan and the United States will further expand.
When the yen depreciated to the upper 145 yen level to the dollar on the 22nd of last month, the government and the Bank of Japan intervened in the market by selling the dollar and buying the yen. There is also a growing sense of caution against intervention.