Yen exchange rate Rough price movement Prime Minister Abe's intention to resign August 28 19:19
The Tokyo foreign exchange market on the 28th, the yen exchange rate was trading at 1 dollar = 106 yen level late in the morning, but when it was told that Prime Minister Abe has decided to resign in the afternoon, it has become a rough price movement and temporarily, There were also scenes where the yen strengthened to just $1 = 106 yen.
The yen exchange rate as of 5 pm was $0.86 to $0.86, which was 6 yen weaker than the 27th.
Against the euro, 68 yen was weaker than the 27th, 1 euro = 126.12 yen to 16 yen, which is a stronger euro.
The euro was 1.192 to $92 per euro = 1.1891.
Market officials said, ``In the morning, the yen depreciated against the dollar, but when it was told that Prime Minister Abe had decided to resign, the market took a surprise and overseas investors actively engaged in speculative transactions. Some investors are increasingly cautious as to whether the so-called Abenomics route, which is based on the Bank of Japan's monetary easing, may change as a result of resignation.”