The financial market in New York on the 10th moved significantly as the US consumer price index fell below market expectations and the pace of interest rate hikes is expected to slow down.
The Dow Jones Industrial Average rose sharply above $1,000 at one point, and the yen appreciated to the mid-141 yen level to the dollar at one point in the foreign exchange market.
On the 10th, the New York stock market announced that the US consumer price index fell below 8% last month for the first time in eight months and was below market expectations, easing record inflation and raising US interest rates. The view that the pace of
Buy orders have increased in a wide range of stocks, and the Dow average stock price has temporarily risen to over 1000 dollars.
In addition, in the New York foreign exchange market, there was a growing movement to sell the dollar and buy the yen due to the shrinking interest rate differential between Japan and the United States.
At one point, the yen appreciated by more than 4 yen compared to before the statistics were released.
A market insider said, ``It was taken as a sign that inflation is heading for convergence, which led to dollar selling and yen buying and a rise in stock prices.''