Yen rate 110 yen level for the first time in 8 months US-China relations improvement or dollar buying movement January 14 9:57
The yen rate of the Tokyo foreign exchange market on the 14th has temporarily dropped to the $ 110 level for the first time in eight months since May last year.
This is because the United States has lifted the recognition of China as a "currency manipulating country" and has begun buying dollars and selling yen because of hopes that US-China relations will improve.
Market officials said, `` The U.S. Treasury announced on Tuesday that it has lifted the recognition of China as a currency-manipulating country. There are moves to buy dollars and sell yen. "