Investors Flock To Yen As U.S. Charges China – 28 January, 2019

A charge by the U.S. against Chinas Huawei Technologies Co Ltd for fraud led investors to flee to the safe haven Yen, helping the Japanese currency gain against its peers.  Against the greenback, the yen advanced 0.15 percent to 109.19, gained 0.2 percent against the Australian dollar to 78.18, and rose 0.1 percent against the euro to 124.80. The Australian dollar was down 0.1 percent for the day to $0.7155, while the dollar index was steady at 95.72, a near 2 week low, against six major peers.