USD/JPY drops to 98.30 as Syria Jolts

The yen rose on Tuesday as risk sentiment took a hit on worries that the United States may be edging toward possible military action against the Syrian government over a suspected chemical weapons attack.

The United States put Syrian President Bashar al-Assad on notice on Monday that it believes he was responsible for using chemical weapons against civilians last week in what Secretary of State John Kerry called a “moral obscenity.”

The dollar fell 0.2 percent versus the yen to 98.27 yen, pulling away from a near three-week high of 99.15 yen set on Friday on trading platform EBS. The dollar fell to as low as 98.04 yen earlier on Tuesday.


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