First half of 116 yen level in Tokyo market, yen depreciation level for the first time in 5 years
東京市場で円安が進み、1ドル＝116円台前半を付け、5年ぶりの円安水準となっています
The yen depreciated in the Tokyo market, and the dollar was in the low 116 yen range, the lowest level in five years.
The yen exchange rate on the Tokyo foreign exchange market on the 5th started trading at the low 116 yen level, which is about 40 yen weaker and the dollar stronger than the 4th.
The yen depreciated for the first time in 5 years, and the price has been modest since then.
There is widespread observation that long-term interest rates in the United States will rise and the difference in interest rates with Japan will widen, and the movement to sell yen and buy dollars is spreading.
The depreciation of the yen has a certain positive effect on the performance of export companies such as automobiles, but on the other hand, it causes the import cost of crude oil and raw materials to rise, which causes prices to rise.
Some market participants are concerned about the excessive depreciation of the yen.
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