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Dollar sags against yen as Syria concerns sap risk appetite

From reuters.com

The dollar struggled against the yen on Thursday as investors sought shelter in the safe-haven Japanese currency on concerns over the possibility of Western military action against Syria. The geopolitical tensions shifted some focus away from the U.S.-China trade standoff, with the dollar last trading little changed at 106.810 yen JPY= after losing 0.4 percent overnight. The yen often draws demand in times of market turmoil and political tensions. The dollar had risen to 107.400 yen on Tuesday after comments from Chinese President Xi Jinping calmed fears over a U.S-China trade war, which had gripped global financial ... (full story)

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  • Category: Fundamental Analysis