The view was expressed that the interest rate differential with the United States would influence exchange rates, while the yield on newly issued 10-year Japanese government bonds briefly rose into the 3% range. Attention is focusing on the yen's direction.
At a press conference on the 1st, Akio Yamaguchi (山口 明夫), chairman of the Japan Association of Corporate Executives, said that the yield on newly issued 10-year Japanese government bonds had briefly risen into the 3% range and indicated that the interest rate differential with the United States could affect foreign exchange rates.
The comments suggested a relationship between U.S. interest rate trends and the Japanese yen exchange rate, making the yen's future movements a focus of attention.
The article conveys views on developments in the foreign exchange market based on reporting data from Jiji Press.