In the Tokyo foreign exchange market on the 23rd, the beginning of the week, the yen exchange rate fell by more than 1 yen from the end of last week as the Bank of Japan reiterated its stance of continuing large-scale monetary easing.
In the foreign exchange market, the Bank of Japan reiterated its stance of continuing large-scale monetary easing at its monetary policy meeting last week, prompting speculation that the interest rate differential between Japan and the United States will widen to some extent in the future.
For this reason, the Tokyo market on the 23rd, the beginning of the week, saw moves to sell the yen and buy the dollar, and the yen depreciated against the dollar.
The yen exchange rate at 5:00 pm was 1.25 yen compared to last weekend, and the yen depreciated against the dollar at 130.12 to 14 sen.
Against the euro, the exchange rate was 2.31 yen compared to the end of last week, and the yen depreciated against the euro at a rate of 142.2 yen to 142 yen to 6 yen.
The euro was 1 euro = 1.0914 to 15 dollars against the dollar.
A market insider said, ``Long-term interest rates have fallen due to the new fund-supply measures implemented by the BOJ today, and there is also the view that the BOJ's policy revision expectations, which had been in some parts of the market, have receded for the time being. This is a factor behind the depreciation of the yen against the dollar."