2023-10-03 09:27:44
On the 3rd, in the Tokyo foreign exchange market, there was a growing movement to sell yen and buy dollars, which can be expected to yield higher yields, due to the view that monetary tightening in the United States would be prolonged and the interest rate differential between Japan and the United States would widen.
In the followingnoon, the yen depreciated at one point to the 149.90 yen level to the dollar, but following that, there was a movement to buy back the yen.
As of 5 p.m., the yen exchange rate was 149.77 to 79 yen to the dollar, 3 sen weaker and stronger once morest the dollar than on the 2nd.
On the other hand, compared to the 2nd, the yen appreciated by 1.32 yen and the euro weakened, at 1 euro = 156.99 yen to 157.3 sen.
The euro was 1.0482 to $84 once morest the dollar.
A market source said, “Investors are strongly aware of 150 yen to the dollar as the level at which the government and the Bank of Japan will intervene in the market, and if this level approaches, there will be a move to buy back the yen, leading to a mix of buying and selling. “The market is becoming increasingly wary of intervention.”
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