[Stocks, FX] Interest rate hike trend and Japanese yen
The foreign exchange market is still selling Japanese yen unilaterally. One of the reasons for this is that the world trend is leaning toward raising interest rates. Interest rate hikes such as the US dollar, New Zealand dollar, and pound have been announced one after another, but on the other hand, the Japanese yen is not bought at all because the Bank of Japan is inducing a depreciation of the yen.