Yen holds firm after North Korea's nuclear test

Record ID: 908836

  • Title: Yen holds firm after North Korea's nuclear test
  • Date: 4th September 2017
  • Summary: TOKYO, JAPAN (SEPTEMBER 4, 2017) (REUTERS) EXTERIOR OF TOKYO STOCK EXCHANGE SIGN READING (English): "JPX TOKYO STOCK EXCHANGE" ELECTRONIC STOCK BOARD AT CLOSING OF MARKET ELECTRONIC STOCK BOARD SHOWING NIKKEI AVERAGE CLOSED AT 19508.25 DOWN 183.22 YEN PEOPLE WORKING ON TRADING FLOOR TSE MARKET CENTRE VARIOUS OF ELECTRONIC ROTATING STOCK TICKER PEOPLE WORKING AT FOREIGN EXCHANGE COMPANY, GAITAME.COM SCREEN SHOWING DOLLAR/YEN AT 109.805 PEOPLE WORKING AT GAITAME.COM ELECTRONIC SCREEN SHOWING DOLLAR/YEN AT 109.805-35 U.S. AND JAPANESE FLAGS PEOPLE WORKING AT GAITAME.COM
  • Embargoed: 18th September 2017 08:00
  • Keywords: Japan Markets North Korea Nuclear test
  • Location: TOKYO, JAPAN
  • City: TOKYO, JAPAN
  • Country: Japan
  • Topics: Currencies/Foreign Exchange Markets,Economic Events
  • Reuters ID: LVA0016X6KGUF
  • Aspect Ratio: 16:9
  • Story Text: The yen edged higher against the dollar on Monday (September 4), as investors trimmed their exposure to riskier assets after North Korea conducted its most powerful nuclear test.
    The dollar fell to as low as 109.22 yen in early Asian trade and last fetched 109.81 yen, down 0.4 percent from late U.S. trade on Friday (September 1). The Nikkei closed at 19508.25, down 183.22 yen.
    The heightened risk aversion followed news on Sunday (September 3) of North Korea's sixth and most powerful nuclear test, prompting the warning of a "massive" military response from the United States if it or its allies were threatened.
    The yen almost always gains when investors try to reduce exposure to risk because the currency is often used as a funding source to buy riskier, higher-yielding assets.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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