Yen exchange drops Tokyo foreign exchange market The influence of the US, China and UK elections December 9th 09:03
The yen exchange rate has dropped against the dollar as the Tokyo foreign exchange market on the 13th and the US-China trade negotiations have progressed, and the view that the risk of a global recession has declined has spread.
On the other hand, it is reported that the ruling and conservative parties are expected to win a majority in the general election in the UK, and the possibility of withdrawal without agreement from the EU is soft, so the euro and pound are bought against the yen.
Market officials said, “The US economy has been set back to the conclusion of the first-stage principle agreement on the postponement of additional tariffs on imports from China, and the global economy has retreated among investors. The move to sell yen and buy dollars is spreading, and if the Conservative Party wins a majority in the general elections in the UK, it is more likely that avoiding a disagreement will be avoided. Pounds are being bought a lot. "