Yen Holds Steady Amid Dollar Strength and New Tariffs
AI-Generated Summary
The yen has shown resilience against the dollar despite new tariffs imposed by President Trump, maintaining its status as a safe haven currency.
The yen withstood the worst of the dollar's onslaught on Monday after President Donald Trump imposed new tariffs, suggesting that investors still see value in the Japanese currency as a haven in times of turmoil.
It advanced as much as 0.3% against the greenback before trading 0.4% lower at 155.76 per dollar at 10:12 a.m. in Tokyo. The euro was down more than 1% versus the US currency, as were the Canadian, Australian and New Zealand dollars.
