The focus key phrase in this article is "Yen strengthens". The Japanese yen rose on Monday as investors sought safe-haven assets. Concerns over U.S. tariffs fueled uncertainty, pushing traders toward safer investments.
Markets remain on edge as the White House prepares to announce new tariffs on Wednesday. President Donald Trump hinted that almost all countries could face new trade duties this week. Previously, Trump suggested possible exemptions for some nations. However, recent reports indicate he is now favoring a tougher approach.
The yen strengthened 0.35% at one point on Monday, reaching 149.30 per U.S. dollar. Later, it stabilized at 149.52, still 0.2% stronger than before. The Japanese currency also surged 0.82% on Friday after U.S. inflation data showed higher-than-expected core price increases. This data raised concerns about stagflation, further boosting demand for the yen.
In addition to the yen's strength, gold prices hit a new all-time high. The precious metal briefly reached $3,097.36 before settling around $3,086.61. This marks the third consecutive session of record-breaking prices.
The U.S. dollar weakened as investors shifted to safer assets. A surge in demand for U.S. Treasuries caused the yield on the 10-year note to drop by 6 basis points, settling at 4.1960%.
Traders are closely monitoring the tariff situation and its impact on global markets. As uncertainty lingers, the yen and gold may continue to attract investors seeking stability.
📈 Stay informed on the latest Forex market trends. Visit our website for in-depth analysis: FIXIO Markets
Yen strengthens as investors seek safe-haven assets. Gold reaches a record high amid concerns over U.S. tariffs.
Superior trade execution & trading conditions with the NDD method.
The online FX industry provides a platform for investors worldwide to engage in the buying and selling.
<p>Subscribe to our daily newsletter and get the best forex trading information and markets status updates</p>
Trade within minutes!
English
Japanese
Chinese
Portuguese
Hindi
English
Japanese
Chinese
Portuguese
Hindi
Comment (0)