In the Tokyo foreign exchange market on the 6th, the beginning of the week, there was a growing movement to sell the dollar and buy the yen due to the narrowing of the interest rate differential between Japan and the United States, and the yen exchange rate rose.
In the foreign exchange market, long-term interest rates fell as concerns about an accelerated rate hike in the United States eased somewhat after a senior Fed official made negative remarks over the weekend.
As a result, the interest rate differential between Japan and the United States has narrowed, and the movement to sell the dollar and buy the yen spreads, and the yen exchange rate rises.
The yen exchange rate as of 5:00 pm was 74 sen compared to last weekend, and the yen strengthened against the dollar at 135.67-70 sen.
Against the euro, it was 28 sen compared to last weekend, and the yen strengthened against the euro at 1 euro = 144.46-50 sen.
The euro was 1 euro = 1.0647 to 49 dollars against the dollar.
A market insider said, ``Price movements were limited due to the desire to see the results of the Bank of Japan's monetary policy meeting this week and the results of the US employment statistics.''