Dollar Suffers vs. Yen

Amid new tenstions regarding North Korea, the USD eased off major currencies.

Economic News
09 अक्तू॰ 2017
Dollar Suffers vs. Yen

The American dollar eased off from its recent peak against all major currencies, including the Japanese yen, due to a new wave of concerns regarding the conflict between the United States and North Korea.

It is believed that North Korea is currently working on a new missile launch, this time potentially to the American Pacific coast. This information was reportedly revealed by a Russian politician who recently visited North Korea.

As a result, traders turned once against to the yen for safety, which boosted the Japanese currency against the dollar. This back and forth movement has been going on for a few weeks and would probably cause the USD/JPY to keep changing its course as long as there is political tension.

The dollar index went from 94.26 down to 93.70.

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