Yen depreciation advances to 1 dollar = 111 yen level for the first time in 9 months NY Foreign Exchange Market February 20 5:48
In the New York foreign exchange market on the 19th, the trend of buying the dollar and selling the yen has strengthened, and the yen has weakened against the dollar to the high of the 111 yen level for the first time in nine months since May last year, the first time in nine months. is. Market officials have said that the US economy is booming amid concerns about the spread of the new virus and that demand for dollars is growing.
In the New York foreign exchange market on the 19th, the buying of dollars became stronger, and the yen was selling in yen.
As a result, the yen has traded in the upper-111 yen range at the dollar / dollar level, and has fallen for the first time in nine months since the beginning of May last year.
According to a market source, `` With the spread of the new coronavirus, especially in the Asian region including Japan, where the economic impact is concerned, the US economy is relatively prominent, and dollar buying has strengthened The fact that the euro is sold against the dollar has also led to yen selling. "