Yen exchange rate fell sharply against the euro Expectations for a recovery in the European economy spread June 5 18:33
On the 5th, the Tokyo foreign exchange market and the yen exchange rate moved modestly against the dollar, but fell sharply against the euro.
The yen exchange rate as of 5 pm was 109 yen 37-38 yen, which is 31 yen weaker than the 4th, which is a stronger yen.
Against the euro, 1 euro = 124.13 to 17 yen, which is 1.98 yen weaker than the 4th, against the euro.
The euro was 1 euro = 1.1349-50 dollars against the dollar.
Market officials said, "There are many investors who are cautious about trading and the price movements against the dollar were limited as they wanted to determine the results of the US employment data released tonight, but the European Central Bank as an emergency measure. With the announcement that we will significantly increase the scale of the asset purchase we started, expectations for a recovery in Europe expanded, and the euro was bought significantly against the yen."