The yen fell to the first half of the 161 yen level, and dollars were bought due to rising US interest rates after the FRB chairman's testimony
Updated 2024/7/10 8:49 JST (some excerpts)
The yen exchange rate of the Tokyo Foreign Exchange Market on the 10th remained in the first half of the $1 = 161 yen range. Federal Reserve Chairman Powell (FRB) has maintained a cautious stance on interest rate cuts in the United States, and has taken over the trend where dollars were bought as interest rates rose. Improvements in investor sentiment and supply and demand factors in response to strong Japan-US stock prices may weigh on yen. The yen has come close to depreciation for the first time in about 38 years, and it seems that vigilance against exchange intervention by the government and the Bank of Japan will intensify again.
As of 8:46 a.m., yen is 161 yen 34 sen with almost no change compared to the previous day against the dollar
On the 9th, the high price of 160 yen 73 yen fell to 161 yen 52 yen overseas time
The yen exchange rate of the Tokyo Foreign Exchange Market on the 10th remained in the first half of the $1 = 161 yen range. Federal Reserve Chairman Powell (FRB) has maintained a cautious stance on interest rate cuts in the United States, and has taken over the trend where dollars were bought as interest rates rose. Improvements in investor sentiment and supply and demand factors in response to strong Japan-US stock prices may weigh on yen. The yen has come close to depreciation for the first time in about 38 years, and it seems that vigilance against exchange intervention by the government and the Bank of Japan will intensify again.
As of 8:46 a.m., yen is 161 yen 34 sen with almost no change compared to the previous day against the dollar
On the 9th, the high price of 160 yen 73 yen fell to 161 yen 52 yen overseas time
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