Yen market price movement across 104 yen Tokyo foreign exchange market March 12, 14:17
In the Tokyo foreign exchange market on the 12th, the yen exchange rate has moved between $ 1 = 104 yen.
At 10 am Japan time, President Trump addressed the U.S.A., responding to the new coronavirus, indicating a policy to suspend entry from Europe excluding the UK for 30 days, an investor concerned about the stagnation of the world economy The dollar has been sold, and the yen has temporarily weakened against the dollar to the low-103 yen level.
After that, the dollar has been bought back and traded across 1 dollar = 104 yen.
Market officials have said, "We are not sure if the economic measures put out by the Trump administration will be passed smoothly to Congress, and that the outlook is uncertain."