Yen market price rises to around 1 yen = 109 yen level

Yen exchange rate rises to the 1-dollar = 109-yen range February 28 at 8:58

In the Tokyo foreign exchange market on the 28th, the yen exchange rate has risen to the 109 yen level per dollar. The view that the spread of the new coronavirus will affect the US economy has led to a move to sell dollars.

According to market sources, "The spread of the new coronavirus is likely to affect the performance of previously robust U.S. companies, and there is a move to sell dollars. And are increasingly buying assets that are relatively safe assets, such as US government bonds and yen. "