In the New York foreign exchange market on the 29th, the movement to sell the yen and buy the dollar became stronger, and the yen exchange rate dropped to the 137 yen level for the first time in about 24 years since September 1998.
Against the backdrop of the view that the interest rate differential between Japan and the United States will widen, the depreciation of the yen and the appreciation of the dollar are further accelerating because the dollar, which is expected to yield more, is being bought.