Yen exchange rate rises to around US$105=¥105 Concerns about the future of the US economy July 29, 9:04
The Tokyo foreign exchange market on the 29th, the yen exchange rate has risen, and it is trading at around 105 yen per dollar. Against the backdrop of concerns over the future of the US economy associated with the spread of the new coronavirus, there is a movement to sell dollars and buy yen.
In the foreign exchange market, on the 28th, in the New York foreign exchange market for the first time in about four and a half months, the price rose to the high-half of the 104 yen level for the first time, and after that, the price was trading at 105 yen.
Market officials said, ``The ongoing outbreak of the new coronavirus in the United States and the consumer confidence index in July fell below the market's expectations, raising concerns about the future of the U.S. economy. , There is a movement to sell dollars and buy yen."