Yen price rises to 108 yen level Dollar movement with new virus February 28 18:07
In the Tokyo foreign exchange market on the 28th, the yen exchange rate rose to the 108 yen level per dollar, and the yen depreciated against the yen by more than 1 yen. Dollar sales are accelerating, fearing that the spread of the new coronavirus could slow the global economy, including the United States.
At 5:00 pm, the yen was trading at ¥ 108.83 to ¥ 85 per dollar, down 1.27 yen against the dollar compared to the 27th. It is the first time in three weeks since the 4th of this month since the 4th of this month.
The euro was 56 yen more than the 27th and the euro was 1 euro = 119.67 yen to 71 yen. The euro was 1 euro = 1.0996 to 97 dollars.
According to market sources, "The view that the spread of the new coronavirus has affected business performance and stagnated economic activity has emerged here. Concern about selling dollars is likely to widen, and investors are likely to continue to move away from risk. "