In the Tokyo foreign exchange market on the 10th, there was a movement to buy back the dollar that had been sold recently, and the yen exchange rate fell to the low 146 yen level to the dollar.
In the recent foreign exchange market, the speculation that the Republican Party is winning in the midterm elections in the United States has spread the view that the Democratic Biden administration will find it difficult to pursue policies that could lead to inflation, such as large-scale fiscal spending. continued to be sold.
However, the Republican Party did not gain as much momentum as the market had expected, and the battle was so close that it was not clear who the majority was. I'm here.
A market insider said, ``While the midterm elections in the United States are not clear, the market's attention is focused on the US consumer price index, which will be announced tonight in Japan time. We are refraining from significant transactions," he said.