At the New York foreign exchange market on the 17th, there was a movement to sell yen and buy dollars, and the yen exchange rate temporarily fell to the low 160 yen range to the dollar. This is the lowest yen level since July 2024, approximately 1 year and 11 months. In addition to the fact that many participants expected a rate hike by the end of the year based on the outlook for policy interest rates announced by the Federal Reserve Board of Governors (Fed), as well as Chairman Warsh's failure to show a positive stance on the interest rate cut requested by President Trump at the press conference, investors began to buy dollars.