In the New York foreign exchange market on the 13th, the yen sold in the Tokyo market, where the yen depreciated to the low 135 yen level for the first time in about 24 years, was repurchased, but the yen exchange rate is still 1 The transaction is at a level centered on the dollar = mid-134 yen level.
In the foreign exchange market on the 13th, the yen depreciated further in the Tokyo market, and the price dropped to the low 135 yen level for the first time in about 24 years since October 1998.
In the New York market after that, although some of the yen sold in the Tokyo market was repurchased, the yen exchange rate is still trading at a level centered on the mid-134 level per dollar.
In the New York bond market, long-term interest rates are expected to accelerate record inflation, as the US consumer price index growth in May exceeded market expectations announced on the 10th. Was rising, and on the 13th, it temporarily rose to the 3.4% level for the first time in about 11 years.
In the market, there is a view that the widening interest rate differential between Japan and the United States will further strengthen the movement to buy the dollar, which is expected to yield more.
Market officials said, "Although there has been a move to buy back the yen, the yen has recently been sold compared to the currencies of other developed countries, and the rise in long-term interest rates in the United States has further strengthened dollar buying. It is unclear whether the rapid depreciation of the yen will be stopped. "