Yen drops temporarily 112 yen level February 21 18:13
In the Tokyo foreign exchange market on the 21st, the yen exchange rate temporarily dropped to the 112 yen level per dollar.
In the Tokyo foreign exchange market on the 21st, dollars were bought and economic activity in Japan was expanding due to the spread of the new coronavirus, as economic indicators showing the resilience of the U.S. economy have recently been released. Concerns about the stagnation have grown, and some have begun selling yen.
After that, following the decline in the long-term interest rate in the United States, there has been a movement to sell the dollar that had been bought and to buy back the yen.
At 5:00 pm, the yen was $ 111.73-74, which is a five-yen depreciation of the dollar compared to the 20th.
The value of the euro against the euro was 11 yen lower than on the 20th. The euro was 120.61 yen to 65 yen.
The euro was 1 euro = 1.0795 to 97 dollars.
According to market participants, "The dollar is strong against each currency, and the yen has been selling well until the end of the day because economic indicators show the strength of the US economy. The spread of the new coronavirus infection If the situation becomes more serious in Japan, concerns about the Japanese economy will spread and more investors will find it difficult to buy yen. "