Yen exchange rate rose temporarily due to concerns over the future
The 6th Tokyo foreign exchange market, the yen exchange rate, because the US Treasury approved China as a currency manipulation country, concerns about the future of the global economy spread and a relatively safe yen to avoid risk Once bought, the price rose to the middle of the $ 1 = 105 yen level, but the dollar was repurchased and the price dropped somewhat.
The market official said, “The US standard for the dollar announced by the Chinese authorities after China was recognized as a currency manipulator was slightly higher than the yesterday's price. As the yuan's weak dollar appreciation was seen against the backdrop of trade disputes, investors were warned once and the move to buy back the dollar came out. "