In the Tokyo foreign exchange market, there was a move to buy the dollar and sell the yen due to the view that the interest rate hike in the United States would be prolonged, and the interest rate differential between Japan and the United States was widening, and the yen exchange rate fell.
The yen exchange rate as of 5:00 pm was 132.52 to 54 sen to the dollar, a 57 sen depreciation to the dollar compared to the 22nd.
In addition, against the euro, 1 euro was 140.81 to 85 sen, a 44 sen depreciation compared to the 22nd.
The euro was 1 euro = 1.0625 to 27 dollars against the dollar.
A market insider commented, "There are speculations that monetary tightening to curb inflation will be prolonged against the backdrop of the solid U.S. economy, and there are moves to buy the dollar and sell the yen as the interest rate differential between Japan and the U.S. widens. The price index of last month's personal consumption expenditure in the United States, which will be announced on the night of the 23rd, Japan time, is attracting attention, as we want to determine the pace of interest rate hikes in the United States in the future."