MARKET WATCH - Safe Haven Demand Strengthens Japanese Yen Against Dollar and Other G10 Currencies

Forex - The yen strengthened against most G-10 and Asian currencies during the morning session due to potential safe-haven demand stemming from concerns over Trump's promise to impose tariffs on Mexico, Canada, and China. In a comment from Philip Wee of DBS Group Research, he stated, “The Japanese yen has likely gained value this week as a safe haven, reversing the trend.” Wee also assessed that "USD/JPY, trading below 153 this morning, could target the low of 151.30 from early November." USD/JPY is down 0.52% at 152.25.