1-dollar exchange rate at the high end of the 106 yen range at 8:58 on March 4
On the 4th, the Tokyo foreign exchange market and the yen exchange rate rose sharply, and the dollar was in the high 106 yen range. The US Federal Reserve has been urgently cutting interest rates to sell dollars to limit the effects of the spread of the new coronavirus.
In the foreign exchange market, the US Federal Reserve decided to urgently cut interest rates on the 3rd and sold dollars in response to the fall in US interest rates to curb the financial market turmoil caused by the spread of the new coronavirus. There is a move to buy.
For the first time in about five months on the morning of the 4th of Japan time, the New York foreign exchange market temporarily rose to the high- $ 106 level in the $ 1 range, after which it was traded over ¥ 107.
Market officials said, "The market response to the statements of the G7 finance ministers and the Central Bank Governors announced on the night of March 3 is limited, and investors are wary of the spread of the new coronavirus infection. There is also interest in the results of the Super Tuesday voting, which is a great place to select candidates for the US presidential election. "