Yen weakening for the first time in 10 months Concern over stagnant Japanese economic activity February 21 12:13
In the Tokyo foreign exchange market on the 21st, the yen has depreciated against the US dollar for the first time in 10 months since April last year, and the yen has been trading around 112 yen per dollar.
The dollar has been bought in the Tokyo foreign exchange market on the 21st, with recent economic indicators showing the resilience of the US economy.
In addition, there is growing concern that economic activity in Japan will stagnate due to the spread of the new coronavirus, and some have begun selling yen.
According to a market source, `` The spread of the coronavirus is likely to continue for a while as the yen depreciation will continue for some time, especially with regard to Japan, which is geographically close to China, as foreign investors are increasingly concerned about the Japanese economy. "