In the New York foreign exchange market on the 22nd after the government and the Bank of Japan intervened to put a brake on the rapid depreciation of the yen, the yen exchange rate temporarily rose to the low 140 yen level and then fell to the mid-142 yen level. , has seen rough price movements.
The New York foreign exchange market on the 22nd was trading after the Japanese government and the Bank of Japan intervened in the market by selling the dollar and buying the yen in order to put a brake on the rapid depreciation of the yen. There was a movement to buy the yen, and the yen exchange rate temporarily rose to the low 140 yen level to the dollar.
However, after that, as long-term interest rates in the United States rose, there was a growing awareness of the widening interest rate differential between Japan and the United States. 1 dollar = has become a rough price movement, such as falling to the middle of the 142 yen level.
While market intervention to put a brake on the depreciation of the yen was perceived to have had a certain effect, there is a view that the yen may depreciate again if long-term interest rates in the United States continue to rise and the interest rate differential between Japan and the United States widens. is also out.
A market official said, "Some investors have lost money due to market intervention, and while there is a growing sense of caution about further market intervention, there are also investors who sell the yen, believing that the effect will not last long, and the price movement is unstable. I'm talking.