Yen Climbs After USA Attacks Syrian Military Base

The Japanese yen climbed today as US President Donald Trump authorized military strike on the Syrian airbase.

The USA claimed that the strike is a response to the chemical weapon attack that killed dozens of civilians earlier this week and for which the United States blamed Syria and its President Bashar al-Assad. That will strain US relationships with Russia and China as those countries back Assad. As it often happens, the yen gained amid political turmoil that caused investors to seek safety.

USD/JPY traded at 110.61 as of 9:55 GMT after opening at 110.77 and falling to 110.13. EUR/JPY dropped from 117.92 to 117.72, and its daily low of 11.73 was the lowest since November 18.

If you have any questions, comments or opinions regarding the Japanese Yen,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *

twenty seven + = twenty nine