Tokyo Foreign Exchange Market Yen exchange rate drops against the dollar Oct. 1: 18:11
The Tokyo foreign exchange market on the 1st and the yen exchange rate fell against the dollar. Institutional investors have started to sell yen and buy dollars to invest in foreign bonds.
The yen's exchange rate at 5 pm was 1 dollar = 108.34 yen to 35 yen from 49 dollars weaker than the 30th.
Compared to the 30th, the euro was 4 yen weaker against the euro, 1 euro = 117.96 yen to 118 yen.
The euro was 1 euro = 1.0888 to $ 89 against the dollar.
A market official said, “On October 1st in the second half of the year, Japanese institutional investors started to sell yen and buy dollars to invest in foreign bonds. Attention has been focused on manufacturing-related statistics announced in Japan. "