Downward pressure on the yen has resurfaced in the foreign exchange market. While the BOJ decided to raise interest rates on the 18th, views are spreading that the market's focus on the gap between Japan and the United States in their efforts to combat inflation will accelerate yen and bond selling.
Downward pressure on the yen is intensifying in the foreign exchange market. The BOJ is reported to have decided to raise interest rates on the 18th, and the market is said to have sensed a gap between Japan and the United States in their efforts to combat inflation.
After the results of the monetary policy meeting were announced shortly before noon, views spread that yen selling would surge, and the yen reportedly weakened to the ¥157-per-dollar range.
The yen was reported to have temporarily weakened to the ¥158-per-dollar range after BOJ Governor Ueda Kazuo (植田和男)'s press conference. This prompted warnings that selling in the bond market, accompanied by rising interest rates, could accelerate.
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