Tuesday, 31 Mar 2020 09:24 AM MYTTOKYO, March 31 ― The dollar rose against the yen today as Japanese investors and companies rushed to cover a shortage of the US currency before their fiscal year end, but sentiment remained fragile as the global coronavirus crisis showed no signs of abating.
Today is the last trading data for Japan's fiscal year and the end of the quarter for major investors elsewhere, which could lead to some volatile swings as big players in the currency market close their books. “We have to look beyond that and focus on what's going on in China's economy. Even if there is some decent data from China, I cannot be optimistic, because economic activity in many countries is grinding to a halt.”In the offshore market, the yuan was little changed at 7.1114 versus the dollar.
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