Yen appreciating somewhat Rising dollar fears of spreading infection March 3 18:07
On the 3rd, the Tokyo foreign exchange market and the yen market gained somewhat. Concerns over the negative effects of the spread of the new coronavirus on the global economy have persisted, and the movement to sell the major currency, the dollar, has widened.
At 5:00 pm, the yen was priced at ¥ 108.03 to ¥ 05, a 41-yen appreciation against the dollar compared to the 2nd.
On the other hand, the value of the euro against the euro was 16 yen lower than on the 2nd, and the euro was 120 yen 13 yen to 17 yen.
The euro was $ 1.1120 to $ 21 against the dollar.
Market officials said, "Investors are increasingly expecting that countries will work together to support the economy in light of the upcoming G7 phone talks. Concerns over the negative impact on the global economy are persistent, and today there has been a noticeable move to sell the dollar, a major currency, to avoid risk. "