TOKYO — The yen rose to the lower 142-range versus the dollar on Friday afternoon, hitting a near seven-month high as the escalating U.S.-China trade war sparked a dollar sell-off versus other major currencies.
The yen climbed close to 3% against the greenback. Other Asian currencies also strengthened, with the Malaysian ringgit advancing 0.72% to the dollar. The South Korean won and the Singaporean dollar gained ground as well. The euro appreciated against the dollar to levels not seen since Febru 2022.
