Yen exchange drops Tokyo Foreign Exchange Market Oct. 15 18:21
The Tokyo foreign exchange market and the yen exchange rate fell on the 15th after the holidays.
The yen's exchange rate at 5 pm was 1 dollar = 108.35-36 yen, which was 44 yen weaker against the dollar than last weekend.
Compared to last weekend, the euro was weaker by 58 yen and the euro was 1 euro = 119.40-44 yen.
The euro was 1 euro = 1.1020-21 dollars against the dollar.
According to market officials, “There were some moves to buy yen in preparation for the risk, while the effects of the typhoon could not be foreseen. However, the trade negotiations between the United States and China reached the first stage agreement last weekend. In view of the fact that further deterioration of the relationship between the two countries was avoided for the time being, there was a lot of movement to buy dollars as the US economic slowdown eased. "