11.04.202508:20:49UTC+00Japanese Yen Hits Over 6-Month High on US Asset Selloff

The Japanese yen surged beyond 143 against the U.S. dollar, marking its highest point since late September 2024. This rise occurred amid intensifying trade tensions between the United States and China, which weakened the dollar broadly and increased the demand for safe-haven assets like the yen. Additionally, a simultaneous selloff in U.S. Treasuries, often seen as a safeguard against uncertainty, further supported the yen's strength. Recently, China's finance ministry declared an increase in tariffs, implementing an additional 125% on U.S. goods. This announcement came after President Trump escalated tariffs on Chinese imports to 145% the previous day. In retaliation, Beijing sternly warned that should the U.S. continue to violate China's fundamental interests, it would "resolutely take countermeasures and fight to the end." Meanwhile, attention is also focused on U.S.-Japan trade discussions. Tokyo, currently subject to a reduced tariff rate of 10%, is actively seeking more favorable terms in the ongoing negotiations.