On the Tokyo foreign exchange market on the 4th, which will be the first transaction this year, the yen exchange rate has been depreciating since the beginning of the year when the price rose to the mid-129 yen level in overseas markets against the dollar. It is trading in the first half of the 131 yen range.
In the foreign exchange market, there is speculation that the Bank of Japan will continue to revise its monetary easing, and in the Asian foreign exchange market on the 3rd, the yen exchange rate fell to the mid-129 yen level against the dollar for the first time in seven months. It was going up in price.
Since then, there have been moves to sell the yen and buy back the dollar due to concerns over the large fluctuations in a short period of time.
A market insider said, ``In overseas markets at the beginning of the year, the yen appreciated as some investors sold the dollar and bought the yen in response to the decline in long-term interest rates in the United States. There is no clear direction for the bank's future monetary policy, so there is no sense of direction."