Yen market price in the lower 106 yen range Dollar sales spread due to concerns about the spread of new virus infection 9:23 on March 6
The yen rate in the Tokyo foreign exchange market on the 6th has risen sharply, hitting the low-106 yen range per dollar.
The spread of the new coronavirus has heightened concerns about the future of the US and other global economies, and has led to a growing movement to sell dollars.
In the foreign exchange market, the spread of the new coronavirus has led to a move to sell the dollar and buy the yen as US interest rates have fallen to record lows.
On the morning of the 6th of Japan time, the yen appreciated against the dollar to the high-105 yen level for the first time in about half a year.
The yen has strengthened by more than 6 yen in about 2 weeks from the yen level of 112 yen per dollar at the end of last month.
According to a market source, `` While the US economy has been buying the dollar in the past, the spread of the new coronavirus has heightened concerns about the future of the U.S. economy. The selling movement is noticeable. "