Asian Manufacturers: Afternoon Trade and Safe-Haven Yen

asian manufacturers: The market is a little bit nervous, said Shusuke Yamada, chief Japan forex strategist at Bank of America Merrill Lynch, according to Market Watch. The political uncertainty likely pushed the safe-haven yen higher, with profit-taking pressure in the U.S. dollar weighing on the greenback, he said. The Nikkei Stock Average NIK, -1.19% reversed gains in afternoon trade, and was last down 0.7%. Elsewhere, Australia's S&P/ASX 200 XJO, -0.08% was off 0.8%, while Korea's SEU, 0.58% declined 0.8%. Trump plans to hold a news conference on Wednesday, but already, market participants fear a wave of comments criticizing Asian manufacturers could jeopardize prospects in the region. The fear among investors in Japan is that Mr. The dollar-yen pair USDJPY, -1.36% was last down 0.5% at 115.47, after earlier hitting a low of 115.18. Trump could turn on the country in his desire to protect American manufacturing. (news.financializer.com). As reported in the news.