In the Tokyo foreign exchange market on the 14th, the rate of increase in the consumer price index in the United States last month exceeded the market's expectations, and the pace of interest rate hikes is expected to accelerate. Prices are dropping in the first half.
In the foreign exchange market, the rate of increase in the US consumer price index last month, which was announced on the night of the 13th Japan time, exceeded market expectations, and the Fed = Federal Reserve Board will speed up the pace of interest rate hikes. As the outlook strengthened, the yen exchange rate temporarily hit the upper half of 147 yen to the dollar, marking the first time since 1990 that the yen has been at a weaker level for the first time in about 32 years.
Later, at a press conference held in Washington, D.C., Governor Kuroda of the Bank of Japan reiterated his stance of continuing monetary easing, and the view that the trend of yen depreciation will not change is spreading.
A market insider said, "Although there was no impact on the yen exchange rate due to the remarks at the press conference held by Finance Minister Suzuki and Bank of Japan Governor Kuroda in Washington, the United States, the market is wary of market intervention by the government and the Bank of Japan. It's going up a notch and it's going to be a nervous deal."