In the Tokyo foreign exchange market on the 30th, there will be a lecture by Powell, chairman of the FRB = Federal Reserve Board, in the early hours of December 1st, Japan time, so we are refraining from active trading as we want to ascertain the contents of the lecture. , resulting in a small price movement.

The yen exchange rate as of 5:00 pm was 25 sen compared to the 29th, and the yen depreciated against the dollar to 138.52 to 54 sen.

On the other hand, against the euro, 10 sen compared to the 29th, and 1 euro = 143.40 sen to 44 sen as the yen strengthened against the euro.

The euro was 1 euro = 1.0352 to 53 dollars against the dollar.

A market insider said, ``There was a movement to buy the dollar and sell the yen from the view that monetary tightening might continue as a result of recent remarks by senior Fed officials. There was also an atmosphere of wanting to determine the pace of future interest rate hikes based on the content of Fed Chairman Powell's speech, so aggressive trading was refrained."