In the Tokyo foreign exchange market on the 14th, following a series of bankruptcies in the United States, there was widespread speculation that the Fed would slow down its interest rate hikes, and the yen appreciated.
In the foreign exchange market, following the bankruptcy of a US bank, there was widespread speculation that the FRB would slow down the pace of interest rate hikes in light of the impact on bank management, and US long-term interest rates declined.
As a result, there was a growing trend to sell the dollar and buy the yen as the interest rate differential between Japan and the United States narrowed, causing the yen to appreciate.
The yen exchange rate at 5:00 pm was 95 sen compared to the 13th, and the yen strengthened against the dollar at 133.54 to 56 sen.
Against the euro, it was 1.53 yen compared to the 13th, and 1 euro = 142.73 yen to 77 yen.
The euro was 1 euro = 1.0688 to 90 dollars against the dollar.
A market insider said, ``The market is paying attention to the US consumer price index, which will be announced tonight in Japan time, as they want to see the pace of the Fed's interest rate hike.''