An executive of the Ministry of Finance said, “Foreign exchange and recent movements are extremely alarming.” As for the depreciation of the yen, stronger words have been spoken than before. The dollar-yen pair hit the 131-yen level and then fell back to around 130.20 in response to reports of remarks.
With this remark, the Japanese yen was repurchased, and when it entered the USDJPY 131 yen level, it fell sharply. However, it is assumed that the major trend of yen depreciation will not change.
