In the New York foreign exchange market on the 12th, the yen appreciated due to the observation that the pace of interest rate hikes by the FRB = Federal Reserve Board would slow down in response to the announcement of the US consumer price index last month, and the yen exchange rate has been around for about 7 months. For the first time in a while, the price rose to 1 dollar = 128 yen level.

On the 12th, the yen appreciated in the New York foreign exchange market, and the yen exchange rate temporarily rose to the upper 128 yen level to the dollar.



It is the first time in about seven months since June last year that 1 dollar = 128 yen level.



Sell ​​the dollar and buy the yen on the assumption that the growth in the US consumer price index announced on the 12th last month was within the range of the market's expectations, and that the pace of interest rate hikes by the Fed will slow as inflation converges. Movement intensified.



A market insider said, ``Regarding the pace of this year's interest rate hike, it is expected that dollar selling and yen buying will intensify, partly because a senior FRB official said that it would be appropriate to raise interest rates by 0.25% in the future. It's gone."