In the Tokyo foreign exchange market on the 26th, in response to the decline in long-term interest rates in the United States, there was a movement to sell the dollar and buy back the yen, and the yen exchange rate remained in the lower 148 yen range to the dollar.
In the Tokyo foreign exchange market on the 26th, the announcement of a series of economic indicators lower than market expectations in the United States led to the view that the pace of interest rate hikes would slow down, leading to a decline in long-term interest rates and a widening interest rate differential between Japan and the United States. Since the sense of caution has eased, there is a movement to sell the dollar and buy back the yen.
A market insider said, ``The move to sell the dollar and buy the pound after Mr. Sunak became prime minister in the UK has also become a factor in intensifying dollar selling, which has spread to the dollar-selling and yen-buying movements. "We continue to be wary of market intervention by the government and the Bank of Japan if the yen depreciates."
stock price rises
In the Tokyo stock market on the 26th, long-term interest rates have declined in the United States, and stock prices have risen due to the rise in stock prices.
The Nikkei Stock Average closed in the morning at 27,577.15 yen, 326.87 yen higher than the previous day's closing price.
Tokyo Stock Price Index = Topics rose 18.13 to 1925.27.
Morning volume was 531.2 million shares.
A market insider said, ``Buy orders for a wide range of stocks have been placed in Japan as well, as long-term interest rates have declined due to the speculation that the pace of interest rate hikes in the United States may slow down, and stock prices have risen.'' .