Yen market Rough price movements throughout the day March 16 at 18:38
In the Tokyo foreign exchange market on the 16th, the yen depreciated in the morning against the dollar, but the yen strengthened somewhat after the Bank of Japan took additional monetary easing.
In the Tokyo foreign exchange market on the 16th, the Federal Reserve Board, which is the U.S. central bank, took the de facto zero interest rate policy on the morning of the 16th in order to curb the turmoil in the financial markets, and central banks from the BOJ and other countries cooperated In response to announcing that the company would supply dollar funds to the market, the repurchase of dollars widened, and the dollar depreciated to the $ 107 level for the time being.
After that, however, the Bank of Japan took additional monetary easing for the first time in three and a half years, and the yen strengthened and the dollar weakened, leading to rough prices throughout the day.
As a result, the yen exchange rate at 5:00 pm was 106.59 yen to 61 yen per dollar, which was 76 yen weaker against the dollar than last weekend.
The value of the euro against the euro was 82.13 yen lower than last weekend, and the euro was 119.13 to 17 yen.
The euro was one dollar = 1.1176 to $ 77 against the dollar.
Market officials say, "Many investors are unlikely to take risks until the spread of the virus has subsided, and the decisions of the Fed and the BOJ have not led to a sense of security in the market."