In the Asian foreign exchange market on the 10th, the yen depreciated once morest the US dollar to the high 145 yen level at one point, marking the lowest price since September 22, when the government and the Bank of Japan implemented yen-buying intervention.announced last weekendm Employment Statisticsand the US financial authorities are expected to continue to raise interest rates aggressively.
The yen fell to 145.67 yen once morest the dollar at one point, down 0.3% from the end of the previous week. While the Japanese market was closed for a public holiday, it approached the low of 145.90 yen, the lowest level in 24 years before the government and the Bank of Japan decided to intervene. After that, the price recovered slightly, and as of 2:00 pm Japan time, it was 145.45 yen, down 0.1%.
of Septemberm Employershas risen at a solid pace, and the unemployment rate has leveled off at its lowest level in nearly 50 years. The labor market is solid, suggesting the possibility that the US Fed, which emphasizes controlling inflation, will implement another significant interest rate hike.
of the New York FedGovernor Williamssaid on Wednesday that the policy rate will eventually need to rise to around 4.5%. The swap market is pricing in a 75 basis point (bp) rate hike at the US Federal Open Market Committee (FOMC) meeting in November with a probability of almost 90%, and the expected peak level of the policy rate is also rising. .