Yen appreciation Increased concerns over spread of infections Yen buying movement January 27 12:20
In the Tokyo foreign exchange market on the 27th, the yen price has risen compared to last weekend.
According to a market source, "As the outbreak of the new coronavirus spreads, mainly in China, there is growing concern that the economy will be adversely affected and the movement to buy a relatively safe asset, the yen, has increased. In the second half of the year, there was a movement to buy back the dollar by selling the yen that had risen, and the yen was not going to rise at a stretch. "