The Japanese yen demonstrated a strong performance today amid risk aversion caused by uncertainty about future policies of US President Donald Trump. Indeed, his immigration ban has already caused big confusion and uproar.
The President ordered to prevent entry to the United States of all refugees for 120 days and citizens of seven Muslim-majority countries for three months. It looks like implementation of the order was seriously botched as authorities themselves had no clear idea to whom the ban applied, detaining even green card holders. This caused protests across the country and condemnation from some foreign governments.
USD/JPY dropped from 114.79 to 113.71 as of 16:38 GMT today. CHF/JPY slid from 114.96 to 114.05.
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