Nov 05 2019
Yen exchange rate drops US dollars bought with expectations of progress in trade talks:
The dollar was bought in anticipation of progress in trade talks between the Tokyo foreign exchange market and the US and China on the 5th, and the yen fell to the second half of the 108 yen range.
The yen's exchange rate at 5 pm was 1 dollar = 108.78 to 79.79 yen, which was 83 yen weaker than the last weekend.
Compared with last weekend, the euro was 62 yen weaker against the euro, 1 euro = 121.13 to 13-17 yen. The euro was 1 euro = 1.1135 to 36 dollars against the dollar.
Market officials said, “The US Trump administration reportedly considering a partial withdrawal of tariffs on imported goods from China.
Investors are paying attention to the indicators of the non-manufacturing business in the US that will be announced later, in order to confirm the future of the US economy in detail.