Dollar bears flee to yen as safe haven currency

Investors lured by possible BOJ rate hikes amid moves to cut in Europe and US

20250422N dollar yen

The yen reached a seven-month high against the dollar on Tuesday, briefly touching the 139 range. © Reuters

FUTOSHI OGURI

TOKYO -- U.S. President Donald Trump's policies have spooked investors to shift to dollar-selling and yen-buying as a safer alternative, briefly advancing the Japanese currency to the 139 range against the greenback on Tuesday.

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