The Japanese yen traded near a nine-month low versus the dollar on Thursday as r...
TOKYO - The Japanese yen traded near a nine-month low versus the dollar on Thursday as risk appetite improved on expectations that China will continue to take steps to offset the economic impact of the coronavirus outbreak.
The yen was initially bought as a safe-haven asset when the outbreak of the virus in the central Chinese province of Hubei roiled financial markets last month. “However, sentiment is leaning away from risk-off because China will pull out all the stops to support its economy.”traded at 111.27 per dollar in Asia on Thursday, close to the lowest since May 2019.
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