On the Tokyo foreign exchange market on the 7th, the yen exchange rate fell.
In the United States, it is reported that the FRB = Federal Reserve Board may raise the policy interest rate to a higher level than investors expected, as economic indicators have exceeded market expectations one after another.
For this reason, investors are gradually selling the yen and buying the dollar, based on the view that the interest rate differential between Japan and the United States will widen, and the yen is depreciating.
The yen exchange rate as of 5:00 pm was 137.41 to 44 sen to the dollar, a 47 sen depreciation to the dollar compared to the 6th.
In addition, against the euro, compared to the 6th, 1 euro = 143.73 to 77 sen, an 8 sen depreciation against the euro.
The euro was 1 euro = 1.0459 to 61 dollars against the dollar.
A market official said, ``Next week, the US Federal Reserve will hold a meeting to decide its monetary policy, and investors are paying attention to the future of interest rates. There is also a move to temporarily sell the yen and buy the dollar."