Yen loses safe-haven allure as Tokyo policies are questioned

Virus response and GDP plunge push money into gold

20200220N Yen dollar REUTERS

Strong U.S. economic indicators have driven traders to prefer the dollar over the Japanese yen. © Reuters

ATSUKO FURUE, NQN staff writer

NEW YORK -- The yen's sell-off accelerated Thursday, taking the currency to a roughly 10-month low amid unease over coronavirus cases in Japan.

The yen touched 112.23 to the dollar during New York trading as the greenback rallied on better-than-expected U.S. economic data.

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