Yen exchange rate temporarily lower 103 yen range Mr. Trump's speech received rough price movement on March 12 at 18:07
In the Tokyo foreign exchange market on the 12th, dollars were sold after the US president Trump announced that he would stop entry from Europe to suppress the spread of the new coronavirus, and the yen exchange rate was one yen = 103 yen The yen appreciated against the dollar until the first half of the month, leading to rough price movements.
The yen was trading in the mid-104 yen range in the morning, and the dollar was trading in the mid-104 yen range, saying President Trump stated in a speech that he would suspend entry from Europe, excluding the UK, for 30 days. The yen was sold and the yen appreciated against the dollar at a rapid rate up to 103.10 yen per dollar.
After that, the dollar was repurchased, leading to rough price movements. At 5:00 pm, the yen exchange rate was ¥ 1.35 compared to yesterday, and the yen depreciated from $ 1.36 to ¥ 68 per dollar.
Compared to yesterday, the euro was 1.72 yen, and the yen depreciated against the euro from 117.25 yen to 29 yen.
The euro was one dollar = 1.1311 to $ 13.
Market officials say, "ECB will hold a monetary policy council tonight tonight in Japan time. Central banks in the United States and the United Kingdom urgently meet to prevent the economic downturn caused by the spread of the new coronavirus. And the ECB's response is also attracting attention because the government has begun to cut interest rates. "