The yen brushed a more than four-month high against the dollar on Monday as U.S....
TOKYO - The yen brushed a more than four-month high against the dollar on Monday as U.S. President Donald Trump’s hard stance on trade broadened to countries beyond China, forcing investors to safe-haven assets, including government bonds.
In a recent development, U.S. and Mexican officials were preparing for trade talks after Trump vowed to impose punitive tariffs on all Mexican goods in an intensifying dispute over migration. The yen tends to acts as a safe haven in times of geopolitical and financial turmoil as Japan is the world’s biggest creditor nation.
Market participants also kept a focus on the trade dispute between the United States and China, the world’s two largest economies.
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