Japanese Yen Became Worst Performer amidst Geopolitical and Trade Risks
The selloff of Japanese yen, despite risk-off sentiment, was the key driver of US dollar’s strength. The greenback climbed higher against major currencies and the DXY index was up +0.77% for the day. The worst performer was Japanese yen which slumped about -1.4% against US dollar. The yen’s appeal as the safe haven asset was overshadowed by renewed geopolitical tensions in the Asia Pacific region as China and North Korea held summit.
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Japanese Yen Became Worst Performer amidst Geopolitical and Trade Risks
