Wednesday, 11 December 2019
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Yen Surges to Three-Month High on Fears of U.S. Tariffs
Thursday, 9 May 2019 15:14 WIB | CURRENCIES | Yenmata uang yen

The Japanese yen surged to a 3-month high against the dollar on Thursday as investors piled into the safe-haven currency fearing that the U.S.-China trade conflict could escalate.

Two days of trade talks begin in Washington on Thursday and traders are waiting to see whether Chinese and U.S. negotiators can salvage a deal to prevent more U.S. tariff increases.

Currency moves this week in response to a new bout of trade war angst have been fairly muted but Thursday's jump in the yen - which tends to attract demand in times of political strife and market turmoil - suggested investor nerves are fraying.

The currency rose 0.3 percent against the dollar at 109.640 yen, a 3-month high, taking its gains to more than 1 percent so far this month.

Source : Reuters

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