Yen exchange rate rises to the latter half of the 128 yen range, with the view that the interest rate differential between Japan and the United States will narrow

In the Tokyo foreign exchange market on the 13th, the yen exchange rate temporarily rose to the upper 128 yen level due to the view that the monetary easing policy will be revised at the meeting to decide monetary policy next week by the Bank of Japan and the interest rate differential between Japan and the United States will narrow. increase.

In the bond market on the 13th, there is growing speculation that the Bank of Japan will revise its monetary easing measures following last month's monetary policy meeting next week. It rose to 0.53%.

In response to this, in the foreign exchange market, from the view that the interest rate differential between Japan and the United States will narrow, the movement to sell the dollar and buy the yen strengthened, and the yen exchange rate temporarily reached the upper 128 yen level.

A market insider said, "Last month's consumer price index in the United States fell below the previous month for the sixth month in a row, and there is a view that inflation is heading for convergence, so there is a growing movement to sell the dollar and buy the yen. "I'm talking.