Safe-haven Yen Falls as Trump Delays China Tariffs

Safe-haven Yen Falls as Trump Delays China Tariffs

12 Sep 2019 02:59 PM
 
The Japanese yen, which is widely considered as a safe-haven currency, fell on Thursday in Asia as encouraging signs in U.S.-China trade situation improved investor sentiment. The USD/JPY pair gained 0.2% to 108.03. U.S. President Donald Trump said he will delay a planned tariff hike on Chinese goods by two weeks as a gesture of goodwill after China exempted a range of U.S. goods from its own tariffs.