Corona supports the Japanese yen against major currencies

Japan’s yen rose significantly against other major currencies in Monday’s Asian markets as investors rushed to secure investment havens such as the Japanese currency due to fears of the consequences of the pandemic of the new Corona virus (Kovid-19).

The yen rose against the US dollar to its highest level in 10 days, recording 107.85 yen against 108.53 yen per dollar at the beginning of today’s dealings. The dollar is likely to fall against the yen to 105 yen in the coming period.

The yen rose against the Euro to 117.95 yen per euro, its highest level in 5 days, after it retreated earlier to 118.71 yen per euro.
After a previous retreat from today’s dealings to 135.22 yen per Sterling pound and 112.39 yen per Swiss franc, The Japanese currency rose to 134.51 yen per sterling pound and 111.73 yen per franc at the end of today’s dealings, which is its highest level in 5 days.