Yen exchange rate temporarily rises to the 104-yen level. Yen buys stronger due to intensifying trade friction between US and China 11:48 on August 26
The Tokyo foreign exchange market on the 26th of the week and the yen exchange rate have risen to the 104 dollar level for the first time in about seven and a half months. While trade friction between the United States and China became more intense, there was a move to buy yen, which is considered a safe asset.
Market officials said, “The concerns about the ever-increasing trade friction between the US and China are growing, and there is a movement to buy a yen that is considered a relatively safe asset. Although the price has risen by more than the yen, there is also a movement to sell the yen and buy the dollar, and the dollar is trading in the lower 105 yen range. "