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The dollar slipped lower against the yen on Monday as markets assessed the fallout from U.S.-led missile strikes on Syria on Friday, but losses were limited amid expectations that the conflict would not escalate further.
USD/JPY was down 0.15% to 107.23 by 03:31 AM ET (07:31 AM GMT), after rising briefly to an overnight high of 107.60. The safe-haven yen is often sought in times of market turmoil and political tensions. The dollar’s losses against the Japanese currency were held in check by relief that the missile strikes on Syria did not prompt a response from Russia, Syria’s main ally, but markets remained on the lookout for any signs of escalation of the conflict. Keep reading.
USD/JPY was down 0.15% to 107.23 by 03:31 AM ET (07:31 AM GMT), after rising briefly to an overnight high of 107.60. The safe-haven yen is often sought in times of market turmoil and political tensions. The dollar’s losses against the Japanese currency were held in check by relief that the missile strikes on Syria did not prompt a response from Russia, Syria’s main ally, but markets remained on the lookout for any signs of escalation of the conflict. Keep reading.
