Yen exchange rate rises to the 104 yen level May be the future of the US economy, July 29 18:15
On the 29th, the Tokyo foreign exchange market and the yen exchange rate rose to the high-half dollar range of 104 dollars, fearing the future of the US economy, where the new coronavirus infection will continue to spread.
The yen exchange rate as of 5 pm was JPY 104.81 to JPY 83, which is 81 yen higher than the 28th.
Compared to the 28th, the euro was 44 yen higher than the 28th, and it was 1 yen = 123.25 yen to 29 yen.
The euro was $60 to $1,759 per euro against the dollar.
A market official said, "The spread of the new coronavirus in the United States continued to spread, and investors who were concerned about the economic outlook began to sell dollars and buy yen. Some investors refrained from making proactive deals before the results of the policy-making meeting were announced.”