Yen exchange rate Temporary 1 dollar = 150 yen range Yen depreciation level for the first time in about 32 years since 1990

The yen depreciated further in the Tokyo foreign exchange market, and the yen exchange rate temporarily fell to the 150 yen level to the dollar.

This is the lowest level of yen depreciation in about 32 years since August 1990.

In order to curb record-breaking inflation, the United States has continued to raise interest rates significantly, and from the view that the interest rate differential between Japan and the United States will widen further, yen-selling and dollar-buying accelerated.

On the 22nd of last month, the government and the Bank of Japan decided to intervene in the market by selling the dollar and buying the yen, and the yen exchange rate temporarily returned to the low 140 yen range to the dollar, but since then the yen has depreciated by nearly 10 yen.

The unstoppable depreciation of the yen has heightened the sense of caution against intervention in the market.