The yen rises 1% thanks to the demand for a safe haven due to Trump's fees

The Japanese yen rose by 1%, while customs duties imposed by President Donald Trump improved the demand for safe haven assets. The Japanese currency won up to 1% to 144.75 for the dollar. This comes after Trump set up comprehensive definitions that shook world markets, while traders were studying the timing of the coming interest in Japan interest rates. The Governor of the Bank of Japan, Kazu Oida, said on Friday that the central bank would carefully monitor the impact of customs duties and apply the appropriate policy by following these fees. Japan is scheduled to experience 24% of customs on its exports to the United States on April 9, along with customs duties with 25% on cars, which have already come into effect.