The Nikkei average started 377 yen higher, with the yen fluctuating due to intervention speculation, the New York market at 156 yen range, the trend of a weak yen continues.

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[Dollar-yen market] Yen fluctuates due to intervention speculation, New York market at 156 yen range, the trend of a weak yen continues.
Following speculations of foreign exchange intervention by the Japanese government and the Bank of Japan on the 29th, the yen exchange rate against the dollar continued to show unstable movements in the New York foreign exchange market on the same day. There were moments where the yen strengthened and the dollar weakened by about 1.50 yen, with the yen fluctuating around 156 yen to the dollar in the evening of the 29th. In the US market, even if intervention occurs, the immediate narrowing of the interest rate gap between Japan and the US is uncertain, leading to expectations that the yen depreciation trend will continue.
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