Yen price temporarily drops to around 110 yen level.U.S.-China expects improvement in dollar buying strengthens January 14 18:18
In the Tokyo foreign exchange market on the 14th, the yen exchange rate temporarily dropped to the $ 110 level for the first time in eight months since May last year. Expectations for improved relations between the United States and China have led to an increase in buying dollars.
At 5:00 pm, the yen appreciated from $ 109.98 to $ 99, a 42-yen depreciation against the dollar compared to last weekend.
The euro depreciated by 86 yen against the euro compared to the end of the previous week, and the euro was 122.54 yen to 58 yen.
The euro was one dollar = 1.1142 to $ 43 against the dollar.
Market officials say that the U.S. Treasury on Tuesday announced that it has lifted China's accreditation as a currency-manipulating country, which could improve trade and other U.S.-China relations. Expectations have risen and the buying of dollars has strengthened. "