Yen exchange rate rises somewhat Due to concerns over a slowdown in the global economy, yen buying moves

On the 20th, the Tokyo foreign exchange market, the yen exchange rate rose somewhat against the dollar.

Investors have begun to buy the yen, a relatively safe asset, to avoid risks due to concerns that inflation will slow the global economy.

The yen exchange rate as of 5 pm was 127.92 yen to 94 yen, which is 30 yen higher and the dollar weaker than the 19th.

On the other hand, against the euro, the yen depreciated by 76 yen compared to the 19th, and the euro rose from 1 euro = 135.29 yen to 33 yen.

The euro was 1 euro = 1.0576 to 77 dollars against the dollar.

Market officials said, "Concerns among investors that prolonged inflation will slow the global economy as the US manufacturing business sentiment index released last night was significantly lower than expected. Therefore, there was a move to buy the yen, which is considered to be a relatively safe asset, in order to avoid risks. "