Yen drops mid-111 yen US emergency economic measures agreement dollar buyback March 25 18:31
In the Tokyo foreign exchange market on the 25th, as the infection of the new coronavirus spreads worldwide, there is a movement to buy and keep dollars, and the yen exchange rate drops to the mid- $ 111 level of 1 dollar = 111 yen did.
At 5:00 pm, the yen exchange rate was 94 yen, the yen depreciation against the dollar was 111.46 yen to 47 yen compared to the 24th. The value of the euro against the euro was 77 yen compared to the 24th, and the depreciation of the yen against the euro was 1 euro = 120.46 yen to 50 yen. The euro was one dollar = 1.0806 to $ 09 against the dollar.
Market officials said, "The agreement between the ruling and opposition parties on the urgent economic measures in the United States has raised expectations for economic support and led to a move to buy dollars."