At the beginning of the week, on the 21st of the Tokyo foreign exchange market, the yen exchange rate fell as the dollar was bought and the yen was sold, triggered by the aggressive remarks by a senior Fed official in the United States recently about tightening monetary policy.
As of 5:00 p.m., the yen was depreciating by 1.3 yen from last weekend to 140.84 yen to 140.86 yen against the dollar.
On the other hand, against the euro, 1 euro is 144.44 to 48 sen, which is 63 sen higher than last weekend.
The euro was 1 euro = 1.0255 to 56 dollars against the dollar.
A market insider said, ``Recently, senior Fed officials in the United States have continued to make positive statements about monetary tightening, so there is a movement to buy the dollar and sell the yen as the interest rate differential between Japan and the United States widens. With a series of speeches by senior Fed officials this week, market attention is focused on what they say as they explore the pace of future rate hikes and their ultimate destination."