In the Tokyo foreign exchange market on the 31st, long-term interest rates in Europe and the United States rose, and interest rate differentials widened, leading to moves to sell the yen and buy dollars and euros, and the yen exchange rate fell.
The yen exchange rate as of 5:00 pm was 55 sen lower than the 30th, and the dollar was 130.14-16 sen.
On the other hand, against the euro, compared to the 30th, the yen has depreciated by 34 sen to 1 euro = 141.13 to 17 sen.
The euro was 1 euro = 1.0844 to 46 dollars against the dollar.
A market insider commented, ``As long-term interest rates in Europe and the United States rose due to the spread of speculation that the European Central Bank would decide to continue a significant interest rate hike at its meeting this week, the yen was sold and the dollar was sold. On the other hand, the Fed, which is the central bank of the United States, is scheduled to hold a meeting to decide monetary policy for two days from today local time, and among investors, Chairman Powell over the extent of future interest rate hikes. There is a lot of interest in the remarks of Mr.
In the bond market, Japanese government bonds were sold in anticipation that the Bank of Japan would revise its monetary easing measures in the future, and the yield on 10-year government bonds, which is a representative indicator of long-term interest rates, rose to 0.490%. is again approaching 0.5%, which is the upper limit of the fluctuation range.