Yen rate depreciation The yen has advanced to the $ 111 level for the first time in nine months on February 20 at 18:30
In the Tokyo foreign exchange market on the 20th, there is concern that the spread of the new coronavirus infection in Japan will affect the spread of the yen, while the US economy has been strong and the trend of selling dollars and buying dollars has spread, and the yen price has been nine months For the first time, the yen depreciated to the $ 111 level.
The yen depreciated against the Tokyo foreign exchange market on the 20th, as the US economic indicators continued to outperform market expectations and the dollar was bought in overseas markets.
In addition, there is growing concern that the spread of the new coronavirus could have a serious impact on the domestic economy, and the yen-dollar / dollar-buyer movement has further intensified. The dollar has advanced.
In the end, the yen exchange rate at 5:00 pm was $ 1.16 to $ 6.9, which was $ 1.57 lower than the previous day.
The yen also fell sharply against the euro, with the euro depreciating by ¥ 1.56 compared to the previous day, with the euro rising from ¥ 120.50 to ¥ 54.
The euro was between 1.0790 and 91 dollars per dollar.
According to market sources, `` As the spread of the new coronavirus spreads alarm over the future of Japan and Asia, the strength of the US economy stands out and the dollar is rising against the yen and various currencies Until now, the uncertainty about the future of the world economy has made it easier to buy the yen as a relatively safe currency, but the perception of the yen has changed. "