The outbreak of the coronavirus has affected the foreign exchange rates in Tokyo between the Japanese yen and the U.S. dollar.
The Japan Times reported:
The dollar weakened to around ¥109.80 in Tokyo trading Monday amid unabated concerns over the spreading outbreak of a new coronavirus.
At 5 p.m., the dollar stood at ¥109.80, down from ¥109.92-93 at the same time Friday. The euro was at $1.0947-0948, down from $1.0966, and at ¥120.21-22, down from ¥120.56.
After moving in a range around ¥109.60, the dollar was lifted above ¥109.80 in the late morning by buybacks after Tokyo and Shanghai stocks showed some resilience.
The greenback repeated minor fluctuations around ¥109.80 in the afternoon amid a dearth of fresh trading incentives.
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