Singapore Yen rate The yen depreciates to the 111 yen level at one time March 20 12:23
In the Singapore foreign exchange market on the 20th, the trend of buying dollars and selling yen in the morning became stronger, and the yen temporarily depreciated to the 111 yen level per dollar.
As the spread of the new coronavirus spreads financial markets worldwide, investors in the foreign exchange market want to keep the dollar of the major currency on hand in case of unexpected situations Is growing.
In response to this trend, in the Singapore foreign exchange market on the 20th, the trend of buying dollars in the morning and selling yen has strengthened, and the yen has temporarily been in the low 111 yen range for the first time in about one month since late last month. The yen weakened against the dollar.
However, since then, there has been a repurchase of the yen, and the dollar is currently trading in the lower 110 yen range.
In the Asian stock market, repurchase activity has been strengthened, partly due to the rebound of the sharp fall on the 19th, and stock prices have risen in many markets such as Korea, Taiwan and Hong Kong.
According to a market source, `` In the morning, the trend of buying the dollar has strengthened in the morning following the yen's depreciation and the appreciation of the dollar, but after that, anxiety gradually receded as stock prices rose in various stock markets, The yen has been redeemed. "