Yen market price rose to the late 106 yen level on March 4 18:05 on March 4
In the Tokyo foreign exchange market on the 4th, the yen rose temporarily in the morning to the high $ 106 level, following the urgent rate cut by the US Federal Reserve (Fed), but then repurchases the dollar. There was also movement.
In the foreign exchange market, the U.S. Fed decided to urgently cut interest rates on the 3rd, causing a drop in US interest rates, leading to a move to sell dollars. In the morning, $ 1 = 106.80 for the first time in about five months. Yen appreciation has advanced to Sendai.
After that, there was a repurchase of the dollar, and the yen exchange rate at 5:00 pm was 51 yen compared to the 3rd, and the yen depreciation against the dollar was 107.52 yen to 54 yen per dollar.
On the other hand, the value of the euro against the euro was 15 yen compared to the 3rd, and the yen depreciated against the euro from 119.98 yen to 120.02 yen.
The euro was $ 60 from $ 1.1159 to $ 60.
Market officials said, `` Sudden changes in U.S. economic policy among some investors following the fact that former Vice President Biden was told to be dominant in selecting candidates for the U.S. presidential election are There was a view that they could be avoided and there was a move to buy dollars, but many investors are cautious about dealing with the spread of the new coronavirus.