The wall is about 125 yen "Kuroda Line"
The depreciation of the yen against the dollar does not stop. In the New York market on the 23rd and the Tokyo market in the early morning of the 24th, the dollar was in the 121 yen range, the lowest price in 6 years. The yen's depreciation trend, which has continued almost consistently since the end of 2020 at 102 yen, is unlikely to change, especially since the US interest rate hike last week. Of course, Russia's invasion of Ukraine from a month ago has invited "emergency dollar buying", and other currencies such as the euro have also fallen, so it cannot be said that the yen is depreciating. However, the Bank of Japan has shown no sign of monetary policy changes as the US is expected to raise interest rates continuously. The interest rate differential between Japan and the United States is expected to widen unilaterally, making the yen a particularly easy-to-sell currency. The number of yen sellers is increasing. Not only so-called speculative sources, but also ma