In the Tokyo foreign exchange market on the 25th, amid speculation that the government and the Bank of Japan are repeatedly intervening in the market, the yen was traded in the upper 148 yen range against the dollar.
In the Tokyo foreign exchange market on the morning of the 24th, after the yen exchange rate approached the 150 yen level to the dollar, it rose sharply to the low 145 yen level for a while, and the government and the Bank of Japan have repeatedly intervened in the market since last weekend. I have a point of view.
There is a mixture of buying and selling of the yen due to a sense of caution against intervention.
A market insider commented, "In the market, there is a growing sense of caution that we do not know when the government and the Bank of Japan will intervene, and nervous trading continues. However, in order to curb record-breaking inflation, we will proceed with a large interest rate hike. The situation where it is easy for the yen to depreciate has not changed, such as the difference in monetary policy with the United States and the expansion of Japan's trade deficit."