In the New York foreign exchange market on the 25th, the pace of interest rate hikes in the United States is expected to slow down from December this year. has gone up in price.

In the bond market on the 25th, the pace of interest rate hikes may slow down after December, as economic indicators on US housing prices and consumer sentiment announced on this day were below market expectations. The view spread, and long-term interest rates in the United States temporarily fell to the 4% level.



In response to this, in the New York foreign exchange market, the sense of caution about the widening interest rate differential between Japan and the United States has eased, and the movement to sell the dollar and buy back the yen strengthened, and the yen exchange rate temporarily rose to the mid-147 yen level to the dollar. Did.



In the market, there is a growing view that the Japanese government and the Bank of Japan are repeatedly intervening in the market by selling the dollar and buying the yen, and there is a growing sense of caution about further intervention.



A market insider said, ``In response to Mr. Sunak's inauguration as prime minister in the United Kingdom, there was a move to sell the dollar and buy the pound, which also became a factor for stronger dollar selling.On the other hand, the interest rate differential between Japan and the United States is still large. "It is unclear whether the rapid depreciation of the yen will come to a halt."