Yen exchange rate rose by nearly 1 yen August 26, 18:21 due to concerns about intensifying trade friction between the US and China
In the Tokyo foreign exchange market on the 26th of the week, there was a movement to buy yen and sell dollars due to concerns that trade friction between the United States and China would become more intense, and the yen price rose nearly 1 yen from last weekend. .
In the Tokyo foreign exchange market on the 26th, the yen buying and dollar selling movement accelerated due to concerns that trade disputes between the US and China would become more intense, and in the morning, the yen was 1 yen = 104 yen higher than last weekend. It rose to the middle.
After that, there were also movements to sell the yen, and the yen exchange rate at 5:00 pm was 91 yen compared to last weekend, and the yen against the dollar was 105 yen 73 yen to 75 yen.
Also, against the euro, it was 46 yuan compared to last weekend, and the weak yen against the euro was 1 euro = 117.58 to 62 yuan.
The euro was 1 euro = 1.1120 to 24 dollars against the dollar.
A market official said, “The US President Trump said he wanted to resume negotiations on the issue of trade friction with China, and this led to a move to buy back dollars and sell yen. The market continues to be swayed by movements across the United States and China. "