The yen gained against its peers on Monday, touching a six-week peak versus the ...
TOKYO - The yen gained against its peers on Monday, touching a six-week peak versus the dollar, as fears in markets of a global economic slowdown fueled demand for the Japanese currency.
The yen, a perceived safe-haven which attracts demand times of market turmoil and political tensions, was 0.15 percent higher at 109.79 to the dollar after brushing 109.70, its strongest since Feb. 8. Stocks across Asia retreated, tracking global peers, after weaker-than-expected U.S. and European manufacturing data on Friday intensified fears of a global economic slowdown.
The currency markets showed limited response to an official report that concluded that U.S. President Donald Trump did not collude with Russia during the presidential elections in 2016.
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