Agency: Concerns about US recession intensify, yen strengthens

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MarsBit
04-11
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Mars Finance News: In early trading, the Japanese yen strengthened against other G10 and Asian currencies. Ray Attrill, an analyst at the National Australia Bank, commented that the United States' suspension of reciprocal tariffs for 90 days in most countries while maintaining a 10% benchmark tax rate "does not help alleviate concerns about a potential U.S. recession". "As risk-averse sentiment returns, the U.S. dollar finds no support". Attrill added that the Japanese yen and Swiss franc appear to be the "only true safe havens" in the foreign exchange market.

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