Yen price drops Moves to keep the dollar at hand due to economic stagnation March 24 8:51
On the 24th, the Tokyo foreign exchange market and the yen market have fallen. As economic activity has stagnated worldwide due to the spread of the new coronavirus, there is a movement to buy dollars to keep the major currency dollar.
Market officials say, "While restrictions on going out are widespread in various countries and economic activity is stagnating, there is a movement to sell yen and buy dollars in order to keep the dollar at hand in case of unexpected situations. Given the Fed, the US central bank, has decided to implement unlimited quantitative easing, some have speculated that excessive dollar demand may ease in the future. "