NY market Yen appreciates, rises to 127 yen level for the first time in about 7 months
In the New York foreign exchange market on the 13th, the interest rate differential between Japan and the United States narrowed due to speculation that the Bank of Japan would further revise its monetary easing measures ahead of the Bank of Japan's monetary policy meeting next week. The appreciation of the yen progressed, and the yen exchange rate temporarily rose to the 127 yen level to the dollar for the first time in about seven months. It is the first time in about seven months since the end of May last year that 1 dollar = 127 yen level. A market insider said, ``The increase in Japanese long-term interest rates and the growing view that the pace of interest rate hikes by the Federal Reserve Board will slow down has accelerated dollar selling and yen buying. "I'm talking.