In the Tokyo foreign exchange market on the 5th, the beginning of the week, there was a move to buy back the dollar in the afternoon, and the yen exchange rate fell slightly.
In the foreign exchange market, there is a deep-rooted view that the Federal Reserve Board, which is the central bank of the United States, will slow down the pace of interest rate hikes, and there has been a move to sell the dollar and buy the yen.
At the beginning of the week, the Tokyo market continued this trend with only minor price movements. did.
The yen exchange rate at 5:00 pm was 135.12 to 14 sen to the dollar, 48 sen weaker to the dollar than last weekend.
In addition, against the euro, the exchange rate fell by 62 sen to 142.39 sen to 43 sen to 1 euro, which is a depreciation of 62 sen compared to the end of last week.
The euro was 1 euro = 1.0538 to 40 dollars against the dollar.
A market insider said, ``The daytime trading was in a wait-and-see mood, but in the afternoon, even if the pace of interest rate hikes in the United States slowed, there was a view that the interest rate differential between Japan and the United States would widen, so the dollar was bought and the yen was traded. Sales have picked up," he said.