Institution: Concerns about a U.S. economic recession intensify, yen strengthens

ChainCatcher news indicates that during the early trading session, the Japanese yen strengthened against the currencies of 10 G7 countries and Asian currencies. Ray Attrill, an analyst at the National Australia Bank, commented that the U.S. will announce a 90-day suspension of the implementation of reciprocal tariffs on April 2, while maintaining a 10% baseline tariff rate, which "does not help alleviate concerns about the U.S. potentially falling into recession." "With risk aversion returning, there is no support for the dollar." Attrill added that the yen and Swiss franc appear to be the "only true safe havens" in the forex market.