In the New York foreign exchange market on the 19th, the yen depreciated against the dollar due to the expectation that the interest rate would continue to be raised significantly, and the yen exchange rate temporarily fell to the low 137 yen level to the dollar for the first time in about three weeks.
In the New York foreign exchange market on the 19th, the view that the FRB = Federal Reserve Board will continue to raise interest rates widely in response to the statement by the governor of the Federal Reserve Bank of St. Louis suggesting a prolonged inflation I was.
As a result, long-term interest rates in the United States rose, and there was a growing movement to sell the yen and buy the dollar in response to the widening interest rate differential between Japan and the United States. Did.
After falling to the 139 yen level to the dollar last month for the first time in about 24 years, the yen was bought back to the 130 yen level on the 2nd of this month due to concerns about the economic slowdown in the United States. The dollar is getting stronger.
A market insider said, ``Prices have risen in Canada and the UK, and concerns about the prolonged global inflation have led to a move to sell the yen.''