The yen exchange rate fell to a new low, and market selling of yen operations increased.

This morning, in the Tokyo foreign exchange market, the exchange rate of the Japanese yen against the US dollar continued to fall, dropping to 162.70 yen to 1 US dollar at one point, hitting a new low since December 1986. Japanese Finance Minister Okatsuya Kogetsu recently stated that the government will take appropriate measures whenever necessary to address the issue of yen depreciation. Some analysts point out that due to the strengthening of US economic data reinforcing market expectations of long-term high interest rates, there has been an increase in selling of the yen in the market. Coupled with concerns about the high government policy exacerbating fiscal deterioration, the yen continues to be under pressure.