The yen exchange rate entered the 161 yen level and once again updated the historical depreciation level of the yen for the first time in about 37 and a half years

The yen exchange rate broke through the dollar = 161 yen, breaking the historic depreciation level of the yen for the first time in about 37 and a half years.

Views are spreading that interest rate cuts will be delayed in America, and the movement to sell yen and buy dollars, which is conscious of interest rate differences between Japan and the US, is intensifying.

Finance Minister Suzuki said, “I am deeply concerned about the impact of rapid and one-sided exchange rate fluctuations on the economy. We would like to take appropriate measures against excessive fluctuations.”

Market participants are paying attention to economic indicators to be announced in America on the evening of the 28th Japan time as materials to predict future movements towards depreciation of the yen.

There is a possibility that the depreciation of the yen will progress further if the view that “American interest rate cuts are even farther away” is strengthened, so there is a sense of caution against exchange intervention.