Yen Rallies amid Rekindled U.S. Tariff Woes
Tokyo, May 30 (Jiji Press)--The yen was sharply higher against the dollar in Tokyo trading on Friday as its safe-haven appeal increased amid rekindled worries about U.S. President Donald Trump's tariff policy.
The Japanese currency temporarily strengthened past 144 per dollar, partly supported by purchases in light of the benchmark Nikkei 225 stock average's hefty losses.
At 5 p.m., the dollar stood at 144.04-05 yen, down from 145.26-26 yen at the same time on Thursday. The euro was at 1.1337-1343 dollars, up from 1.1275-1276 dollars, and at 163.28-37 yen, down from 163.79-81 yen.
On the Tokyo Stock Exchange, the Nikkei average dropped 467.88 points, or 1.21 pct, from the previous day to close at 37,965.10. The broader TOPIX index retreated 10.45 points, or 0.37 pct, to 2,801.57.
A U.S. federal appeals court issued a decision overnight to suspend a trade court's injunction against reciprocal and other tariffs imposed by the Trump administration.
(2025/05/30-17:46)
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