Asian currencies outperform dollar amid U.S. recession fears

TOKYO -- Asian currencies have fared better than the dollar after the U.S. unleashed new tariffs last week, sparking concerns that the country will tip into a recession.

The Japanese yen, a safe-haven asset, has strengthened more than 2% against the dollar since Thursday, when U.S. President Donald Trump imposed tougher-than-expected levies on trading partners.