0535 GMT - The yen strengthens against several G-10 and Asian currencies amid a risk-off sentiment in the wake of U.S. President Trump's tariff announcement. "In a global risk-off scenario, the Japanese yen and U.S. rates should continue to perform well," Grasshopper Asset Management's Daniel Tan says in commentary. Although "Trump's tariff policy has darkened the outlook for the global economy, Japan's domestic data have shown progress toward the BOJ's stable inflation target, heightening the possibility of a rate hike" at its April 30-May 1 meeting, the portfolio manager adds. USD/JPY falls 0.3% to 145.57 and AUD/JPY slips 1.7% to 90.90, while EUR/JPY edges 0.1% higher to 161.55. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 04, 2025 01:35 ET (05:35 GMT)
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