Yen price rises to around 110 yen level Concern over impact on U.S. economy February 25 at 18:25
Dollars were sold on the Tokyo foreign exchange market on Wednesday on fears that the spread of the new coronavirus could affect the US economy, which is driving the global economy. Over the past weekend, the yen has once climbed to the $ 112 level, rising to the ¥ 110 level.
At 5:00 pm, the yen was priced at ¥ 1.22 from the end of last weekend, and the yen depreciated against the dollar at ¥ 110.71 to ¥ 72.
The value of the euro against the euro was 45 yen compared to last weekend, and the yen depreciation against the euro was 1 yen = 120.16 yen to 20 yen.
The euro was one dollar = 1.0853 to $ 54 against the dollar.
According to market officials, "As new coronavirus infections spread not only in Asia but also in Europe and the United States, there has been an increasing movement to sell dollars, being cautious of affecting the US economy. We're being cautious in dealings to see if there's any impact on US business sentiment, which will be announced tonight's time. "