In the foreign exchange market on the 19th, the yen also fell against the Chinese currency, the renminbi, and the yen depreciated for the first time in about 6 years and 8 months.
In the foreign exchange market on the 19th, the yen fell to the 20 yen level against the Chinese yuan.
This is the first depreciation of the yen in about 6 years and 8 months since August 2015.
China has been in the trade surplus due to strong exports to Europe and the United States, while Japan has continued to have a trade deficit due to rising energy prices such as crude oil.
While the yen is likely to fall due to the difference in the trade balance and the yuan is likely to rise, the yen and the yuan are often traded through the US dollar, so the yen depreciates rapidly and the dollar strengthens. It means that the progress of the trade has led to the depreciation of the yen and the appreciation of the yuan.
Market officials said, "China's central bank is also continuing monetary easing, but the trade surplus is solid. Japan is expected to continue its trade deficit due to soaring prices of resources such as crude oil, and the trend of yen depreciation and yuan appreciation continues. That's right. "