In the Tokyo foreign exchange market on the 8th, due to the decline in long-term interest rates in the United States, the movement to sell the dollar with the lowered interest rate and buy the yen became stronger, and the transaction was in the upper 109 yen range per dollar.
The yen exchange rate as of 5 pm was 109.78-79 yen, which is 85 yen higher and the dollar weaker than the 7th.
With respect to the euro, it was 1 euro = 129.76 to 80 yen, which was 1.6 yen higher and the euro weaker than on the 7th.
In addition, the euro was 1 euro = 1.1820-21 dollars against the dollar.
Market officials said, "American long-term interest rates have fallen to levels for the first time in about four and a half months due to overtime transactions, and there has been widespread movement to sell dollars with lower interest rates and buy yen. As the future prices of stock prices have fallen sharply, investors have become more willing to avoid risks, and the movement to buy the yen, which is considered to be a relatively safe asset, has combined with the yen's appreciation and the dollar's depreciation. "