In the foreign exchange market on the 3rd, the yen exchange rate rose to the 129 yen level to the dollar for the first time in seven months.

In the market, speculation that the Bank of Japan will continue to revise its monetary easing measures has led to the appreciation of the yen.

In the Asian foreign exchange market on the 3rd, the movement to sell the dollar and buy the yen strengthened from the morning, and the yen exchange rate rose to the 129 yen level to the dollar.



It is the first time in seven months since June last year that 1 dollar = 129 yen level.



In the market, as prices continue to rise in Japan as well, the Bank of Japan revised its monetary easing measures last month, raising the upper limit of the fluctuation range of long-term interest rates. The observation spreads, and the yen is bought.



A market insider said, ``There are speculations that the Bank of Japan will raise its outlook for future price increases, and the movement to buy the yen has strengthened.''