[Tokyo Foreign Exchange] Dollar, latter half of the 147 yen range = weakly contained in a pause in US long-term interest rate increases (3:00 p.m. on the 31st)
The dollar exchange rate (likely value) of the dollar against the yen on the afternoon of the 31st is weakly in the latter half of the 1 dollar = 147 yen range due to a pause in the rise in long-term US interest rates due to overtime transactions leading to dollar sales. As of 3 p.m., 147 yen 91 to 91 yen is 83 yen higher and yen lower than the previous weekend (5 p.m., 147 yen 08 to 08 sen).
Tokyo time began at 147 yen 80 yen, then actual purchases involving the end of the month increased, and the upper price was rounded up to 148 yen 30 yen towards the median price. The rise in long-term US interest rates outside of hours also supported dollar purchases. However, after a round of buying, the upper price became heavy, and by noon it was around 148 yen, which intensified the feeling. In the afternoon, the fact that long-term US interest rates outside of hours narrowed the increase range, induced dollar sales, and softened to around 147 yen 80 yen. In the lower price, it is said that “movements to pick up low prices against the backdrop of aggressive US interest rates are scattered” (FX traders), and there were scenes where they were repurchased up to around 148 yen, but the return was slow, and after that, it was a soft development, such as being temporarily pushed back to the 147 yen 70 yen range.
The market is also aware of reports by the US paper Wall Street Journal (WSJ) the day before. The paper suggests the possibility that long-term US interest rates will continue to remain high, assuming that savings in the US private sector have accumulated due to huge fiscal transfers implemented as a countermeasure against the novel coronavirus, and response to rising interest rates has become sluggish. In response to this report, the view that the interest rate difference between Japan and the US will not shrink for the time being strengthened, and it is said that “it has become difficult to sell dollars” (domestic securities).
The euro began the afternoon, and both yen and dollar were soft. As of 3:00 p.m., 1 euro = 147 yen 13 to 14 sen (5:00 p.m. the previous weekend, 146 yen 27 to 29 sen), and 0.9947 to 9948 dollars (same 0.9945 to 9946 dollars) against the dollar.
Tokyo time began at 147 yen 80 yen, then actual purchases involving the end of the month increased, and the upper price was rounded up to 148 yen 30 yen towards the median price. The rise in long-term US interest rates outside of hours also supported dollar purchases. However, after a round of buying, the upper price became heavy, and by noon it was around 148 yen, which intensified the feeling. In the afternoon, the fact that long-term US interest rates outside of hours narrowed the increase range, induced dollar sales, and softened to around 147 yen 80 yen. In the lower price, it is said that “movements to pick up low prices against the backdrop of aggressive US interest rates are scattered” (FX traders), and there were scenes where they were repurchased up to around 148 yen, but the return was slow, and after that, it was a soft development, such as being temporarily pushed back to the 147 yen 70 yen range.
The market is also aware of reports by the US paper Wall Street Journal (WSJ) the day before. The paper suggests the possibility that long-term US interest rates will continue to remain high, assuming that savings in the US private sector have accumulated due to huge fiscal transfers implemented as a countermeasure against the novel coronavirus, and response to rising interest rates has become sluggish. In response to this report, the view that the interest rate difference between Japan and the US will not shrink for the time being strengthened, and it is said that “it has become difficult to sell dollars” (domestic securities).
The euro began the afternoon, and both yen and dollar were soft. As of 3:00 p.m., 1 euro = 147 yen 13 to 14 sen (5:00 p.m. the previous weekend, 146 yen 27 to 29 sen), and 0.9947 to 9948 dollars (same 0.9945 to 9946 dollars) against the dollar.
Author: Jiji Press
Last Updated: 10/31 (Mon) 15:47
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