USD/JPY rises 300 pips from the Trump tariff reversal ...Middle East

The yen is dropping hard on a jump in risk assets that has the Nasdaq up nearly 10% following a Trump post saying he was dropping all global tariff rates to 10% except for China in order to have negotiations.

I think that all that argues that the yen remains a valuable safe haven.

This article was written by Adam Button at www.forexlive.com.

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