Japanese Yen Sticks to Gains Near One-Week High on Safe-Haven Demand | The New York Ledger

Japanese Yen sticks to gains near one-week high on safe-haven demand | The New York Ledger

The Japanese Yen (JPY) adheres to its bullish predisposition versus a broadly weaker United States Dollar (USD) for the 2nd straight day and reaches a one-week high throughout the Asian session on Wednesday. The danger of a more escalation of US-China trade stress, together with geopolitical stress and issues about an extended federal government shutdown, continues to underpin need for conventional safe-haven properties, consisting of the JPY. O…

US–China tariff truce nears deadline as safe havens rise

Traders are clinging to a few upbeat headlines about possible US–China talks, and equities are bouncing after Friday’s selloff. Safe havens send a different signal. Gold is still firm and Treasury prices keep rising. That mix reflects one thing: the next few weeks may stay choppy ahead of November 10, when the temporary truce on import duties expires. Back in April, Washington imposed duties on Chinese goods that climbed to 145 percent, and Beij…