Trade War Tensions Strengthen JPY

An increased demand for safe haven assets has caused the Japanese Yen to strengthen against the US dollar.


An increased demand for safe haven assets has caused the Japanese Yen to strengthen against the US dollar. Trump’s latest threats to increase tariffs on $200 billion worth of Chinese imports from 10% to 25% has driven markets into a risk-off mode.

USD/JPY is trading at 110.17 at the time of writing, up by 0.82 percent. The heightened uncertainty in the markets over the US-China trade war continues to weigh on the Japanese Yen.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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