The outbreak of a coronavirus in China and in other parts of Asia is playing havoc with Tokyo's foreign exchange.
The Japan Times reported:
The dollar fell to around ¥109.60 in Tokyo trading Thursday, weighed on by re-ignited fears over the spread of a deadly viral outbreak.
At 5 p.m., the dollar stood at ¥109.60, down from ¥110.00 at the same time Wednesday. The euro was at $1.1088-1089, up slightly from $1.1085-1086, and at ¥121.54, down from ¥121.95.
The dollar slipped through ¥109.70 in the morning, with investors renewing their concerns over the adverse economic impact of the new coronavirus outbreak in the wake of media reports about increases in sickened people and deaths in China.
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