The yen exchange rate is attracting attention due to market intervention by the government and the Bank of Japan, but in the New York foreign exchange market on the 27th, there was a move to sell the yen and buy the dollar against the backdrop of the view that the United States will continue to raise interest rates temporarily. , dropped to a level approaching 145 yen to the dollar.
In the New York foreign exchange market on the 27th, the view that the interest rate will continue to rise significantly in the United States spreads, and in response to the rise in long-term interest rates, there is a movement to sell the yen and buy the dollar, which can be expected to yield more. .
As a result, the yen exchange rate fell to a level of 144.90 yen to the dollar, approaching 145 yen.
There is a growing view in the market that if long-term interest rates in the United States continue to rise and the interest rate differential between Japan and the United States widens, the yen may weaken again. I'm here.
A market insider said, ``When the government and the Bank of Japan intervened on the 22nd, the yen exchange rate was in the 145 yen range against the dollar, so if the yen depreciates again to the 145 yen level, market intervention may be carried out. There are speculations that it may not be, and nervous price movements continue."