Yen drops 1 dollar = 111 yen level for the first time in 9 months 10:20 on February 20
The dollar has been bought in the Tokyo foreign exchange market on the 20th, and the yen has weakened against the dollar to 111 yen level for the first time in nine months.
According to a market source, "While there is concern that the spread of the new coronavirus will affect the Japanese economy, economic indicators, such as consumption trends, published in the United States have been exceeding market expectations one after another, and their strength is conspicuous. As a result, there is a growing movement to sell yen and buy dollars. "