Yen price rises sharply Fed Emergency rate cuts sell dollars March 9 at 9:53
The yen exchange rate in the Tokyo foreign exchange market on the 4th has risen sharply, and it has been traded with 1 dollar = 107 yen. The US Federal Reserve has decided to urgently cut interest rates to reduce the effects of the spread of the new coronavirus.
In the foreign exchange market, the US Fed decided to cut interest rates urgently on the 3rd to lower the US interest rate and invest in US bonds and other assets to curb the financial market turmoil caused by the spread of the new coronavirus infection There is a movement among the houses to sell dollars and buy yen.
According to market sources, "Some energy-related companies are buying dollars and selling yen to pay for oil and raw materials imported from foreign countries in dollars. We are also interested in the results of the vote on Super Tuesday, which is a great place to choose people. "