In the New York foreign exchange market on the 20th, the appreciation of the yen accelerated in response to the Bank of Japan's decision to revise the current large-scale monetary easing measures, and the yen exchange rate temporarily fell to the 131 yen level to the dollar for the first time in about four months. has gone up in price.
In the New York foreign exchange market on the 20th, following the trend of the Tokyo market where the yen appreciated, the movement to sell dollars and buy yen further strengthened, and the yen exchange rate temporarily rose to the lower 131 yen level to the dollar.
1 dollar = 131 yen level for the first time in about 4 months since August this year.
Behind the accelerating yen appreciation is the fact that the Bank of Japan has decided to revise the current large-scale monetary easing measures and raise the upper limit of the fluctuation range of long-term interest rates from about 0.25% to about 0.5%. There is an awareness that the interest rate differential between Japan and the United States will narrow, given the perceived tightening of monetary policy.
The yen has appreciated by about 6 yen since the announcement by the Bank of Japan after noon on the 20th, Japan time.
A market insider said, "Many investors did not expect the Bank of Japan to revise its monetary easing measures at this timing, and the yen's appreciation has accelerated further, partly because they were taken by surprise."