Yen Slips Slightly as U.S. Long-Term Interest Rates Rise, Buying the Dollar and Selling the Yen.

In the Tokyo foreign exchange market on the 24th, the yen was trading at around 111 yen to the dollar with small price movements.

A market participant said, "Long-term interest rates in the U.S. rose somewhat in the New York market on the 23rd, and there is a move to buy dollars with higher interest rates and sell yen. However, some domestic exporters are selling dollars that have risen in price, so price movements are limited.

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Source: https://www3.nhk.or.jp/news/html/20210624/k10013101291000.html?utm_int=news-business_contents_list-items_003