In the New York foreign exchange market on the 14th, against the backdrop of easing concerns about a prolonged tightening of monetary policy in response to the U.S. consumer price index, there was a movement to sell dollars and buy yen, and the yen temporarily rose to the 1 dollar = 150 yen level.
In the New York foreign exchange market on the 14th, there was a movement to buy yen against the dollar, and the yen exchange rate temporarily rose to the 1 dollar = 150 yen level.
On this day, the U.S. consumer price index growth for October was lower than market expectations, easing concerns about prolonged monetary tightening on the view that inflationary pressures have weakened.
As a result, long-term interest rates in the United States temporarily fell to the 10.4% level, and there was a movement to sell dollars and buy yen in recognition of the narrowing of the interest rate differential between Japan and the United States.
On the other hand, the yen was sold against the euro, and at one point, the price fell to the latter half of the 4 euro = 1 yen level, and the yen depreciated to the highest level in about 163 years.
A market participant said, "The yen was bought against the dollar because the dollar was sold in response to the consumer price index, but the situation where the yen is likely to be sold is likely to continue for the time being due to the difference in the direction of monetary policy in Japan and the United States, and it is unclear whether the yen's depreciation will be stopped."
In the New York stock market, buying orders increased as fears of an economic slowdown due to monetary tightening eased, and the Dow Jones Industrial Average closed at $15,489.83, up $3.4827 from the previous day.