In the Tokyo foreign exchange market on the 21st, the yen weakened further against the backdrop of speculation that the pace of interest rate hikes in the United States would accelerate, and the yen exchange rate fell to the low 150 yen level to the dollar, the lowest level in 32 years. are traded at
In the New York foreign exchange market on the 20th, the observation that the pace of interest rate hikes will accelerate in response to remarks by executives of the Fed = Federal Reserve Board, which is the central bank of the United States, has increased. .
As a result, the dollar-buying/yen-selling accelerated due to the expectation that the interest rate differential between Japan and the United States would widen further, and the yen exchange rate dropped to the low 150 yen range to the dollar, the lowest level in 32 years.
The Tokyo foreign exchange market on the 21st also took over this trend, and the yen exchange rate was trading in the low 150 yen range to the dollar.
A market insider said, ``The yen is gradually depreciating along with the rise in long-term interest rates in the United States. It's easy to get stronger," he said.