Yen exchange rate rises to 104 yen level Yen buying due to intensified trade friction between US and China 9:13 on August 26
The Tokyo foreign exchange market on the 26th day of the week and the yen exchange rate have risen to the 104 dollar level for the first time in about seven and a half months.
As trade friction between the United States and China becomes more intense, there is an increasing trend to buy yen, which is considered a safe asset.
A market official said, “The concerns about the trade friction becoming more intense as the United States and China announced that they will raise tariffs further. The market price has risen more than 2 yen in the morning and last weekend. "