In the New York foreign exchange market on the 14th, the FRB = Federal Reserve Board's vice chairman's remarks suggesting a slowdown in the pace of interest rate hikes led to dollar selling and yen buying, and the yen exchange rate was 1 dollar = 139. It is trading in the latter half of the yen level.
In the New York foreign exchange market on the 14th, the yen exchange rate temporarily fell to the upper 140 yen level to the dollar in the early morning.
However, after that, Fed Vice Chairman Brainerd was reported to have made remarks suggesting a slowdown in the pace of rate hikes, saying, "It will soon be appropriate to slow down the pace of rate hikes." As a result of dollar-selling and yen-buying movements, the yen exchange rate rose to the upper half of the 139 yen range to the dollar.
The foreign exchange market saw a slowdown in interest rate hikes last week after the U.S. consumer price index showed weaker-than-expected growth.
A market insider said, ``This week, there are many opportunities for Fed officials to speak, and there is a lot of interest in how they will speak about the US consumer price index and the pace of future rate hikes.''
Meanwhile, the New York stock market, the Dow Jones Industrial Average closed at $33,536.70, down $211.16 from last weekend.