The Japanese yen led other safe-haven assets higher on Friday after U.S. air str...
SYDNEY - The Japanese yen led other safe-haven assets higher on Friday after U.S. air strikes on Baghdad airport killed a senior Iranian military official, stoking tensions in the Middle East and lifting the price of oil.
The Pentagon confirmed the attack, saying Soleimani was actively developing plans to attack Americans in Iraq and the Middle East. The yen is often used as a safe harbour during times of global tensions given Japan’s status as the world’s largest creditor nation. A holiday in Tokyo also made for thin conditions, exaggerating the move.
The dollar had found overnight support after dismal economic news from Europe and the UK weighed on the pound and euro. An index of U.S. manufacturing activity due later is expected to show a slight uptick to 49.0 in December, from 48.1 the month before.
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