Yen exchange rate rises to the mid-104 yen level for the first time in about a month

Yen exchange rate rises to the mid-104 yen level for the first time in about a month October 22, 18:10

In the Tokyo foreign exchange market on the 22nd, the yen exchange rate rose, and the yen appreciated to the mid-104 yen level for the first time in about a month.

The yen exchange rate as of 5 pm was 104.54 yen to 55 yen, which is 47 yen higher and the dollar weaker than the 21st.

With respect to the euro, the yen appreciated by 62 yen and the euro depreciated from 1 euro = 123.99 yen to 124.3 yen compared to the 21st.

The euro was 1 euro = 1.1860 to 62 dollars against the dollar.

Market officials said, "From the view that Democratic Party Mr. Biden is dominant in the US presidential election next month, the speculation that the trade policy for China will be reviewed spreads, selling dollars and currencies of Japan and South Korea including the Chinese yuan. The movement to buy the dollar has strengthened, and the yen has strengthened and the dollar has weakened. "