In the Tokyo foreign exchange market on the 4th, the view that the United States will continue to raise interest rates spread, and the movement to buy the dollar and sell the yen strengthened, and the yen exchange rate fell.
In the early morning of the 3rd of Japan time, the US Federal Reserve (Fed) chairman Powell made a statement at a press conference that suggested the extension of monetary tightening, and there is a view that the US will continue to raise interest rates significantly. I was once again conscious of the widening interest rate differential between Japan and the United States.
As a result, the movement to buy the dollar and sell the yen strengthened, and the yen exchange rate as of 5:00 pm was 55 sen compared to the 2nd, and the yen weakened against the dollar at 147.88 to 89 sen.
Against the euro, compared to the 2nd, the exchange rate rose to ¥1.22, while the yen strengthened against the euro against the euro at ¥144.41 to ¥45.
The euro was 0.9765 to 67 dollars against the dollar.
A market insider said, ``Chairman Powell has indicated that he will continue to tighten monetary policy more than the market expected. And attention is focused on the US employment statistics that will be announced tonight in Japan time."