Yen swerves back to three-week high

Economies.com
2017-07-18 05:31AM UTC

Yen hit a three-week high, as the US dollar fell against Major currencies, while demand surged on the yen as a safe haven.

 

USD/JPY last traded at 112.14, up from the opening of 112.59, with a session-low at 112.08 and a session-high at 112.62.

 

Yen was boosted  by the dollar's tumble, after two Republicans voted against the Better Care Reconciliation Act (BCRA).

 

Asian indices decreased to their lowest in two years, also underpinning Yen to increase and become an alternative and safe investment in world markets; as markets await Japan’s Central Bank to confirm its easing policies to carry inflation to the 2% target.

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