ilustration

Euro weakened temporarily to the 107-yen level

The Tokyo foreign exchange market's exchange rate against the yen (quote) on the 9th fell temporarily to the latter half of the 107-yen level due to the softening of the Nikkei stock price and the euro against the yen. As of noon, it was 108.17 to 17 yen, which was 1.32 yen against the previous day (5:00 pm, 109.49 to 53 yen).

The dollar started at around 108.40 yen, taking over the overseas market the day before, which fell due to profit determination and holding adjustment. Around 10:20 a.m., dollar selling proceeded as US long-term interest rates declined due to weak stock prices and the weakening of the euro, as well as speculation that the US Federal Open Market Commission (FOMC) would put forth policy intentions to curb interest rate increases. It softened to 107.92 yen. After that, it returned to the 108.10 level by buying a barrage and reducing the Nikkei 225.

Market participants said, "We couldn't get on the 110-yen range last weekend and the atmosphere changed. It seems that speculators have turned to selling" (forex broker). It is said that the sentiment of the market, where the yen was weak overall, has changed, and that the atmosphere is cautious to follow the upside.

Eur has fallen against the yen compared to the morning, temporarily holding around 1 euro = 121.80 yen. The dollar is also cheaper. As of noon, the yen against the yen was 122.09-10 yen (123.72-72 yen at 5 pm the day before), and the dollar was €1.1286-1287 ($1.1300-1300).

Source: http://shorturl.at/uDV08