Haven assets rise in Tokyo markets

Dhaka,  Wed,  20 September 2017
Published : 13 Apr 2017, 17:22:15
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Haven assets rise in Tokyo markets

Haven assets rise in Tokyo markets
The comments by Japanese Prime Minister Shinzo Abe about Tokyo and Washington sharing both pressure on, and dialogue with, North Korea, have helped maintain a region-wide preference for haven assets, which rose on Thursday, according to a report in the international media.

Mr. Abe has also warned parliament about the possible North Korean capability for placing nerve agent Sarin on missile warheads, the report added.

He was further reported to have reiterated to lawmakers on Thursday that Japan and China seek a peaceful resolution to tensions on the peninsula.

Gold initially pushed towards an intraday high of $1,288 per in the day’s morning trading after the comments. However, it fell back to be flat later at $1,286.89, it added.

The Japanese yen, considered a haven, was holding at a five-month high.  Comments from Donald Trump calling the greenback too strong sent the dollar into a slide while the Japanese yen, considered a haven, was holding at a five-month high in the day’s morning hours’ trading, the report stated.

The yen is 0.2 per cent stronger at ¥108.85 a dollar, it added.
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