Against a backdrop of expectations that the Bank of Japan would accelerate the pace of interest-rate hikes, the yen exchange rate surged, briefly rising to the low ¥156s per US dollar. The report included a photograph of a monitor at 外為どっとコム in Minato-ku, Tokyo.
On the 3rd, it was the yen exchange rate in the Tokyo foreign exchange market, rather than the Nikkei 225, that rose sharply, briefly reaching the low ¥156s per US dollar. The yen exchange rate shown on a monitor was reported as a photo news item.
The yen's sharp rise was driven by expectations that the Bank of Japan would accelerate the pace of interest-rate hikes, and it was suggested that this may have affected investors' interest-rate outlook.
The report included a photograph of a monitor at 外為どっとコム in Minato-ku, Tokyo, showing conditions on the foreign exchange market floor.