By Investing.com---
The yen gained ground against the U.S. dollar on Tuesday as concerns over the latest escalation in the protracted Sino- U.S. trade war underpinned demand for safe-haven assets.
Global markets have been whipsawed by developments in the trade dispute this month. U.S. President Donald Trump claimed Monday that Chinese officials had called and offered to resume negotiations, an assertion that China declined to confirm.
His comments helped temper sharp losses in global markets after both sides announced new tariffs on Friday. But concerns remain about a lack of a clear path toward resolving the dispute which has seen the global economic outlook deteriorate. Read more on Investing.com