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.