Yen extends gains amid market selloff, hits 111.25 per dollar

Listen to this article


The yen has hit a fresh four-month high against the dollar, passing 111.3 per dollar for the first time since November 23 as the biggest wobble in the Trump Trade so far boosts the typical beneficiaries from a shift to haven assets.

At publication time the currency had gained 0.3 per cent for the day, having extended its overnight gains to hit a high of 111.25 per dollar.

That’s a little awkward for Japan, which earlier today reported that a weak yen helped boost its trade surplus in February after it was in deficit for most of last year.

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from and redistribute by email or post to the web.