Safe-haven flows due to U.S.-China trade war boost Japanese currency
The Japanese yen appreciated to its strongest level against the dollar since Dec. 13 on Wednesday after a stronger-than-expected wage growth announcement raised investor expectations for a rate hike by the Bank of Japan later this year. (Photo by Akitoshi Sugiura)
TOKYO -- The Japanese yen strengthened on Wednesday afternoon after stronger-than-expected wage growth for December raised investor expectations of a rate hike by the central bank later this year.
The yen appreciated to 152.84 to the dollar, up around 1.6% as of 6:23 p.m., its strongest level since Dec. 13.
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