Yen exchange rate strengthens on dollar buying, weakens yen March 19 at 18:41
In the Tokyo foreign exchange market on the 19th, the yen depreciated temporarily to the mid-109 yen level per dollar. As the spread of the new coronavirus spreads financial markets, investors are increasingly buying dollars to keep cash on hand.
In the foreign exchange market, the dollar was bought because it wanted to keep the dollar of the main currency at hand in case of an unexpected situation, and the yen exchange rate temporarily fell about 2 yen compared to the 18th, and it was the first time in about 3 weeks The yen depreciated to the mid-109 yen level per dollar.
At 5:00 pm, the yen exchange rate was 1.74 yen compared to the 18th, and the yen depreciation against the dollar was $ 10.15 to $ 10.
The value of the euro was 58 yen compared to the 18th, and the yen depreciation against the euro was 1 euro = 118.40 yen to 44 yen.
The euro was one dollar = 1.0847 to $ 49 against the dollar.
According to market officials, "Due to the sharp fall in stock prices, there has been a movement to sell shares held by investors and rush to cash, and companies are trying to secure dollars at the end of the year. Now, concerns about the dollar shortage are likely to widen and volatile movements are likely to continue for some time. "