Yen market price drops to the upper 109 yen range December 13 at 18:19 in view of progress in trade negotiations between the United States and China
The Tokyo foreign exchange market on the 13th and the yen exchange rate fell to the middle of the 109 yen range. This is because the view that trade negotiations between the US and China are making great progress spreads, and the uncertainty about the future of the global economy is soft.
The yen's exchange rate at 5 pm was 98 yen compared to the 12th, and the yen was weakening at 1 dollar = 109.62 yen to 63 yen. Compared with the 12th, the euro was 1.40 yen, and the weaker yen was 1 euro = 122.39 yen to 43 yen. The euro was 1 euro = 1.1165-66 dollars against the dollar.
According to market officials, “It was perceived that the first-stage principle agreement was reached in the US-China trade negotiations, and it was perceived that the risk of the global economy going down was reduced among investors. The dollar has been bought, and the official announcements of the governments of both countries could make the yen even weaker if measures are taken to reduce the tariffs already added by the United States. ”