The dollar edged higher against the yen on Monday, though the gains were subdued due to lurking trade war concerns between the US and China. Friday’s US job reports were weaker than expected.
The US dollar and Japanese yen changed hands at 107.10, 0.17 percent higher after Friday’s close where it was down 0.42 percent.
The Japanese yen is considered a safe haven among investors who want to avoid geopolitical conflicts and economic disputes. Meanwhile, the dollar slipped last Friday due to weakened employment data.
China has said that it could respond “forcefully” if US President Donald Trump actually imposes $100 billion worth of additional tariffs on imports.