In the New York foreign exchange market on the 21st, due to concerns about the spread of the new coronavirus infection in China, the movement to buy the dollar as a safe asset increased, and the yen exchange rate temporarily fell to the low 142 yen level to the dollar. .
In the New York foreign exchange market on the 21st, the movement to buy the dollar as a safe asset increased due to concerns about the spread of the new coronavirus infection in China and the continued severe restrictions on behavior.
As a result, the yen was sold against the dollar, and the yen exchange rate temporarily fell to the low 142 yen level to the dollar.
In the foreign exchange market in November, the US consumer price index fell below market expectations, triggering record inflation to ease and the pace of interest rate hikes to slow down. US dollar = 137 yen level.
However, since then, the dollar has been bought back and the yen has weakened again, partly due to a series of positive statements from senior officials of the Fed (Federal Reserve Board) about tightening monetary policy.
A market insider said, "The interest rate differential between Japan and the United States is becoming more conscious again, making it easier for the yen to sell."