Yen exchange rate rose significantly against the euro Concerns about the future of the European economy 12:16 on May 7
In the Tokyo foreign exchange market on the 7th after the long holidays, the yen has risen sharply against the euro due to growing concern that the spread of the new coronavirus infection will have an unexpected impact on the European economy.
Market officials said, `` In addition to the announcement that the euro area's economic growth rate will hit its highest ever record, German courts are unconstitutional about the European Central Bank's monetary policy to underpin the economy. With the judgment that there is a part corresponding to that, there is growing concern about the future of the European economy, and there is an increasing trend to sell the euro and buy yen. "