The yen exchange rate sharply rises, reaching the high 152 yen level as the yen strengthens and the dollar depreciates.
Quick Look
- At the Tokyo foreign exchange market on the 8th, the yen appreciated against the dollar and at one point rose to the low 152 yen range.
- The yen has appreciated by more than 7 yen in one week, and speculators are increasingly selling the dollar and buying the yen as they speculate that the Bank of Japan will accelerate the pace of interest rate hikes.
AI-generated summary
Why It Matters
There was foreign exchange intervention by the government and the Bank of Japan in April and May, and coordinated intervention by the Japanese and U.S. governments at the end of July, but they were unable to break through the 155 yen barrier.
8日の東京外国為替市場で、対ドル円相場は円高ドル安が進み、一時、今年2月中旬以来となる1ドル=152円台後半をつけた。 Compared to the evening of the 1st, the yen has appreciated by more than 7 yen in a week.日本銀行の利上げペースが速まるとの思惑が強まり、短期売買で稼ぐ「投機筋」などの間でドルを売って円を買う流れが広がっているもようだ。
“The momentum (direction) of the yen has changed as it has fallen below the turning point of 155 yen.” So says a man who works as a foreign exchange dealer at a major foreign bank.
The exchange rate of the yen against the dollar rose sharply on the evening of the 7th, briefly hitting the 154 yen level. 4～5月の政府・日銀の為替介入や7月末の日米両政府の協調介入でも154円台には到達せず、155円台が「壁」になっていた。男性は、円安を見込んで「円売り」を仕掛けていた海外勢などが、さらなる円高の進行を見込んで「円買い」に転じている、とみる。
The persistent pressure on the yen to depreciate has reversed...
What to Watch
AI outlook — possibilities, not facts
The trend of yen appreciation and dollar depreciation may continue temporarily
Possible · Within weeks
Open Questions
- When will the Bank of Japan start raising interest rates?
- How long will the effects of the intervention last?
- How will the trends of speculators change in the future?
