In the Tokyo foreign exchange market on the 19th, the yen was bought back due to speculation that the Bank of Japan might revise its large-scale monetary easing measures in the future, and the yen exchange rate rose significantly.
In the Tokyo foreign exchange market, after the Bank of Japan announced on the 18th that it would maintain its large-scale monetary easing measures, interest rate differentials between Japan and the United States became conscious again, and movements of selling the yen and buying the dollar intensified. There is a movement to buy back the
As of 5:00 pm, the yen exchange rate was 128.17 to 19.00 yen to the US dollar, 2.7 yen higher than on the 18th.
Against the euro, 1 euro was 138.52 yen to 138.56 yen, an increase of 2.51 yen compared to the 18th.
The euro was 1 euro = 1.0807 to 09 dollars against the dollar.
A market official said, ``While there is still strong speculation in the market that the BOJ will move to revise its monetary easing measures at its next meeting and beyond, in the United States, the growth in the wholesale price index last month fell short of market expectations. As a result, there is a growing view that the pace of interest rate hikes by the Fed will slow down.For this reason, investors are aware of the narrowing of the interest rate differential between Japan and the United States, and the yen is likely to appreciate against the dollar. There is."