On the Tokyo foreign exchange market on the 8th, the yen exchange rate rose by more than 1 yen as the sense of caution against the tightening of the US monetary policy temporarily eased and the movement to sell the dollar and buy the yen strengthened.
As of 5:00 p.m., the yen was 1.27 yen higher against the dollar than on the 7th, at 130.88-90 yen to the dollar.
Against the euro, 1 euro is 140.80-84 sen, which is 92 sen higher than the 7th.
The euro was 1 euro = 1.0758 to 59 dollars against the dollar.
A market insider commented, "Fed Chairman Jerome Powell's remarks were made in the early hours of Japan time, but there was a general perception that 'the stance toward monetary tightening was not shown as much as expected.' "Wariness about the pace of interest rate hikes has temporarily eased, and the movement to sell the dollar and buy the yen has strengthened."