Yen exchange rate weakening of the yen against the dollar 1 dollar = late 105 yen March 18:23
In the Tokyo foreign exchange market on the 13th, the yen exchange rate fell by more than 2 yen compared to the 12th, and the yen depreciated to the dollar in the high-105 yen range. It is likely that the spread of the new coronavirus has heightened concerns about the outlook and increased the amount of dollar funds on hand, mainly among foreign investors.
As stock prices continue to fall sharply every day around the world, there has been a movement to buy the dollar, a substantial key currency, to convert financial assets such as bonds and stocks into cash.
At 5:00 pm, the yen was trading at ¥ 105.83 to ¥ 85, a 2.17 yen weaker against the dollar compared to the 12th.
The value of the euro against the euro was down from ¥ 1.61 to ¥ 35 compared with the euro on the 12th.
The euro was $ 1.1179 to $ 81 per dollar.
Market officials say, `` The financial market is even more confused because many companies want to increase their cash on hand in the turbulent financial market, such as falling future prices of gold, which is a safe asset in the event of a crisis. Investors' anxiety is likely to continue until the spread of the global infection has stopped, and the price movements are likely to continue to be rough. "