In the Tokyo foreign exchange market on the 13th, yen selling and dollar buying spread against a backdrop of expectations that the pace of US rate hikes would accelerate, with the yen temporarily weakening past ¥160 to the dollar.
In the Tokyo market on the 13th, dollar buying and yen selling intensified. The move was reportedly driven by expectations that the pace of US rate hikes would accelerate.
As a result, the yen temporarily weakened, with the yen-per-dollar exchange rate exceeding ¥160 at one point.