In the Tokyo foreign exchange market on the 27th, there was widespread speculation that the pace of interest rate hikes in the United States would slow down, prompting moves to sell the dollar and buy back the yen. .
In the foreign exchange market, the central bank of Canada announced that it would raise its policy interest rate by 0.5% on the 26th, and the range of interest rate hike was lower than market expectations. I was.
As a result, on the 27th, in the Tokyo market, the movement to sell the dollar and buy back the yen strengthened, and the yen exchange rate temporarily rose to 1 dollar = 145.11 sen.
The yen exchange rate at 5:00 pm was 145.71 to 74 yen to the dollar, 1.37 yen higher than the previous day.
Against the euro, the exchange rate rose ¥88 from the previous day, depreciating the euro to ¥146.69 to ¥73 per euro.
The euro was 1 euro = 1.0066 to 67 dollars against the dollar.
A market insider said, ``The recent rapid depreciation of the yen has temporarily stopped, but the structure of the yen's depreciation, such as the interest rate difference between Japan and the United States and the trade deficit, will not change. Bank of Japan Governor Kuroda will hold a press conference tomorrow. It has been pointed out that depending on the contents of the remarks, the yen may weaken again."