Yen exchange rate rises somewhat, selling dollars due to global infection spread July 10 19:12
The Tokyo foreign exchange market on the 10th, the yen exchange rate has risen somewhat.
The yen exchange rate at 5 pm was JPY 106.84 to JPY 85, which was JPY 40 higher than the price on the 9th.
Against the euro, 1 euro = 120 yen 51 yen to 55 yen, which is 1 yen 6 yen stronger than the 9th, against the euro.
The euro was 1 euro = 1.1279-80 dollars against the dollar.
A market official said, ``Because the spread of the new coronavirus continues to spread in the United States and other parts of the world, there is a growing sense of caution about the future of the global economy, and there is a movement to sell dollars and buy yen to avoid risks. Investors are also worried about the highest number of infected people in Tokyo to date.”