TOKYO -- The yen rose to the lower 142-range versus the dollar on Friday afternoon, hitting a near seven-month high as the escalating U.S.-China trade war sparked a dollar sell-off versus other major currencies.
Currencies
Yen jumps to 7-month high as U.S.-China trade war worsens
Safe-haven seeking money flows into Japanese currency, more so than U.S. Treasurys
Japan's large economy, political stability and liquid financial market make the country's currency an appealing safe-haven asset. (Photo by Rie Ishii)
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