In the New York foreign exchange market on the 1st, there was a movement to sell the yen and buy the dollar against the background of concerns about the economic slowdown in the United States, and the yen exchange rate was temporarily in the 130 yen range for the first time in about 3 weeks. The price has dropped to.
In the New York foreign exchange market on the 1st, there was a movement to sell the yen and buy the dollar, and the yen exchange rate temporarily dropped to the 130 yen level per dollar.
It is the first time in about three weeks since mid-May that the dollar has reached the 130 yen level.
Behind the weakening of the yen and the appreciation of the dollar, concerns over a slowdown in the U.S. economy eased as the indicators of business sentiment in the U.S. manufacturing industry announced today exceeded market expectations, and in the bond market. Rising long-term interest rates have led investors to buy more yieldable dollars.
Market officials said, "The Fed, the central bank of the United States, has begun to reduce monetary assets called'quantitative tightening'in addition to a large rate hike to curb record inflation. The difference in monetary policy with the Bank of Japan, which continues to carry out large-scale monetary easing, has made it easier for the dollar to be bought against the yen. "