MacquarieBank

Although the USD surged after former President Donald Trump imposed new tariffs on China, Canada, and Mexico, the Japanese yen (JPY) has remained stronger compared to other currencies, indicating that it is gradually regaining its appeal as a safe-haven asset.
The Japanese yen stabilizes amid the financial storm
On Monday morning at #Tokyo , the Japanese yen rose 0.3% against the USD before slightly decreasing by 0.4% to 155.76 JPY/USD. Meanwhile, the euro, Canadian dollar, Australian dollar, and New Zealand dollar all fell more than 1% under pressure from the greenback.