In the foreign exchange market last weekend, the government and the Bank of Japan seem to have decided to intervene in the market by selling the dollar and buying the yen, and the yen temporarily appreciated by more than 7 yen.
On the morning of the 24th, the foreign exchange market was trading in the mid to high 147 yen range to the US dollar.
On the 21st of last week, the yen depreciated rapidly in the New York foreign exchange market, dropping to around 151.90 yen to the dollar.
After that, just after 11:30 p.m. Japan time, the yen suddenly swung in the direction of appreciation, and the yen exchange rate temporarily rose by more than 7 yen to the mid-144 yen range against the dollar. It seems that he has decided to "mask intervention".
In the foreign exchange market on the morning of the 24th, when the week started, the yen was trading in the mid to high 147 yen range to the dollar.
This is about 3 yen lower than last week's high.
The Fed = Federal Reserve Board, which is the central bank of the United States, is scheduled to meet next week to decide monetary policy, and a significant interest rate hike is expected to suppress record inflation.
Although the market is wary of further market intervention by the government and the Bank of Japan, there is a growing view that the yen will gradually depreciate as the interest rate differential between Japan and the United States widens.