In the New York foreign exchange market on the 16th, the movement to sell the dollar and buy back the yen that had been sold so far became stronger, and the yen exchange rate temporarily rose sharply to the mid-131 yen level per dollar.

In the New York foreign exchange market on the 16th, the dollar was sold due to cautions about the slowdown of the US economy due to the rapid monetary tightening, and the movement to buy back the yen became stronger.



For this reason, the yen exchange rate, which had been trading mainly in the low 134 yen range per dollar on the 16th, temporarily rose significantly to the mid 131 yen range per dollar.



In the foreign exchange market, the yen depreciated rapidly against the backdrop of the belief that the interest rate differential between Japan and the United States would widen, and the dollar fell to the mid-135 yen level this week.



Market officials said, "Since the yen has been depreciating at a rapid pace, the price has been rough due to the tendency to buy back the yen. Following the FRB = Federal Reserve Board, which is the central bank of the United States, As the central banks of the United Kingdom and Switzerland decide to raise interest rates one after another, the market is paying attention to whether the Bank of Japan, which has maintained large-scale monetary easing, will take some action on the depreciation of the yen at the meeting to decide monetary policy. " I'm talking to you.