In the Tokyo foreign exchange market on the 12th, the yen exchange rate rose due to speculation that the Bank of Japan would make another policy revision.
The yen exchange rate as of 5:00 pm was 131.60 yen to 131.61 yen, an increase of 81 yen against the dollar compared to the 11th.
Against the euro, 1 euro was 141.63 yen to 141.67 yen, an increase of 66 yen compared to the 11th.
The euro was 1 euro = 1.0762 to 63 dollars against the dollar.
A market official said, ``At the Bank of Japan's monetary policy decision meeting next week, some investors speculated that the policy would be revised again following last month, so there was a move to buy the yen and sell the dollar. In addition, the US consumer price index, which will be released tonight Japan time, shows that the inflation rate will slow down, and the view that the pace of US interest rate hikes will slow down in the future also led to yen buying." increase.