The yen fell by 2.41%!

The NT dollar closed at 29.984 yuan, and Ming tested the 30 yuan mark.

(Photo by reporter Chen Meiying)

[Reporter Chen Meiying/Taipei Report] The U.S. non-agricultural employment data released last week encouraged the U.S. dollar to rebound, and almost all non-U.S. currencies fell. The Japanese yen fell by 2.41% on Monday. It closed at 29.984 yuan with a depreciation of 8.4 cents, and the exchange rate has dropped three times in a row. It is about to test the integer mark of 30 yuan. The turnover is 1.8465 billion US dollars.

The head of Huiyin pointed out that after the Federal Reserve’s interest rate hike in January slowed down to 1 yard, the Taiwan dollar had already depreciated by 1.8 cents last Saturday, and today’s depreciation was 0.88%. The exchange rate of the Taiwan dollar has depreciated by 2.84 points, which has given up nearly half of the gains since the opening of the Golden Rabbit.

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The director of National Bank of China said that due to the effect of the Lantern Festival in previous years, the Taiwan dollar is usually relatively tight. However, after the Lantern Festival, funds have gradually returned to the banking system, and the demand for the Taiwan dollar has weakened. The trend of the Taiwan dollar usually "rises first and then falls ", and this year is no exception.

Last week, the market was still celebrating the end of the Fed’s interest rate hike. After the release of the non-agricultural data, the market revised its expectations. The director of the Bank of China believes that the exchange rate of the New Taiwan dollar will return to the 30 yuan mark as soon as possible tomorrow. Based on the current market atmosphere From a conservative point of view, the probability of depreciation is not small, but where it will go depends on how strong the dollar will be in the future. In the short term, we can first observe Federal Reserve Chairman Jerome Powell's public speech this week.

According to the exchange rate announced by the central bank at 4:30, the U.S. dollar index jumped 1.2% today, the Japanese yen fell 2.41%, the Korean won fell 1.87%, the euro also fell 1.1%, the Singapore dollar fell 0.94%, the Taiwan dollar fell 0.88%, and the renminbi fell 0.51%.

Among them, the yen fell sharply in the short term. In addition to reflecting the rise in U.S. bond yields and the U.S. dollar, foreign media reported that after the end of the term of Bank of Japan Governor Haruhiko Kuroda, the current vice president of the central bank, Masaka Amamiya, will take over. After the news came out, the yen once broke through the 132-dollar mark in early trading, reaching a low of more than three weeks.

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