In the Tokyo foreign exchange market on the 31st, the beginning of the week, the movement to sell the yen and buy the dollar strengthened against the background of rising long-term interest rates in the United States, and the yen exchange rate fell to the 148 yen level to the dollar.
In the foreign exchange market, in addition to the rise in long-term interest rates in the United States, there was a movement among Japanese importers to buy dollars necessary for settlement, which led to the depreciation of the yen. Did.
As of 5:00 p.m., the yen was depreciating by 93 sen from last weekend to 148 to just 2 sen against the dollar.
Against the euro, 1 euro is 146.94 yen to 98 yen, which is 67 yen weaker than last weekend.
The euro was 1 euro = 0.9928 to 30 dollars against the dollar.
A market insider said, ``The rise in long-term interest rates in the United States has led to a renewed awareness of the interest rate differential between Japan and the United States, and the yen has fallen. attitude gradually spread," he said.