On the 7th of the week, the Tokyo foreign exchange market was wary of a shortage of crude oil supply, and due to concerns about the future of the European economy, which depends on Russia for crude oil, the movement to sell the euro spread, and the yen exchange rate was 2 against the euro. The price has increased by more than yen.
As of 5 pm, the yen exchange rate against the dollar was 1 dollar = 115.1 yen to 3 yen, which was 44 yen higher and the dollar weaker than last weekend.
On the other hand, against the euro, it was 6 yen from 1 euro = 125.2 yen, which was 2.12 yen higher and the euro weaker than last weekend.
At one point, the price rose to the low 124 yen level at 1 euro, and the yen appreciated and the euro depreciated for the first time in about a year and three months since late November.
The euro was 1 euro = 1.0870 to 72 dollars against the dollar.
Market officials said, "The US is working with its allies to consider a ban on crude oil imports from Russia, raising concerns among investors about a shortage of crude oil. Therefore, it is highly dependent on Russia in terms of energy such as crude oil, and due to concerns about the future of the European economy, which is geographically close to Russia, it sells the euro to avoid risks and is regarded as a relatively safe asset. The movement to buy yen is increasing. "