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1 dollar = 130 yen 60-70 sen Widening interest rate differential between Japan and the US

In the New York foreign exchange market on the 23rd, the yen depreciated, closing at ¥130.60 to ¥130.60 to the dollar, depreciating by ¥1.05 from the previous weekend and strengthening against the dollar. On the same day, US long-term interest rates rose in the US bond market, and from the speculation that the interest rate differential between Japan and the US would widen, yen selling and dollar buying prevailed.

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