Yen Jumps Past 105 First Time Since 2016 Amid Trade War Concerns
Friday, 23 March 2018 09:26 WIB | CURRENCIES | Yen

The yen strengthened past 105 per dollar for the first time since November 2016 on haven demand as fears over a potential trade war between the U.S. and China escalated.

USD/JPY dropped as much as 0.6% to 104.64, its lowest level since Nov. 9, 2016, before recovering to 104.78

Stock traders in Asia braced for losses following declines in U.S. shares overnight after Trump instructed Trade Representative Robert Lighthizer to levy tariffs on at least $50 billion in Chinese imports

Source : Bloomberg

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