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Dollar retreats against yen as U.S. political worries rattle markets

Yen hits highest since March 6
Euro ticks higher as dollar weakens

By Tommy Wilkes

LONDON, March 16 (Reuters) - The dollar fell to its lowest level against the Japanese yen since early March on Friday on reports of more turmoil in the Trump administration, while other markets were quiet as investors remained cautious.

Concerns that U.S. trade tariffs could hurt the global economy and personnel changes at the heart of the U.S. administration have rattled markets in recent days, pushing the dollar on to the back foot and leaving the yen as the main beneficiary.

Commerzbank said the yen was also boosted by domestic factors, paricularly confusion about when and how the Bank of Japan could start to ease record levels of monetary stimulus. Analysts at the bank said the BoJ was "sounding indefinably hawkish."

"Hardly surprising that in that case the smallest cause (such
Dollar retreats against yen as U.S. political worries rattle markets

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