* Graphic: World FX rates in 2019
* Brexit crisis further weighs on risk sentiment, lifts yen
* Rise by dollar index stalls as US yields fall on risk aversion
By Shinichi Saoshiro
TOKYO, May 23 (Reuters) - The yen advanced against its peers on
Thursday as persistent U.S.-China trade fears and Brexit concerns
fanned risk aversion, lifting the safe-haven Japanese currency.
The yen was 0.1% firmer at 110.240 to the dollar, having pulled
back from a two-week low of 110.675 plumbed on Tuesday.
The Japanese currency also rose modestly against the euro, pound
and Australian dollar, adding to overnight gains.
Reports that the United States could impose restrictions on
Chinese technology company Hikvision renewed market jitters about
trade on Wednesday, reversing a relief rally that followed
Washington's move to temporary ease curbs against Huawei Technology Co
A deepening Brexit crisis also sapped investor risk sentiment.
Pressure on British Prime Minister Theresa May to resign increased
after her new Brexit gambit backfired and as a key ally resigned from
"While the currency market appears to have mostly priced in
May's eventual resignation, it is now trying to work out who might
replace her," said Yukio Ishizaki, senior currency strategist at
"The possibility of someone like Boris Johnson replacing May
will heighten prospects of a no-deal Brexit and likely lead to further
'risk off.' The mood in the market is darkening as the Brexit ongoings
add to prevailing U.S.-China worries."
The pound was little changed at $1.2663 after slipping to
$1.2625 overnight, its lowest since Jan. 4.
The dollar index against a basket of six major currencies
was steady at 98.064, its rise earlier in the week to a one-month
high of 98.134 stalling as U.S. yields declined amid the risk aversion.
The euro was flat at $1.1154, in close range of a 2-1/2-week
low of $1.1142 brushed on Tuesday ahead of the May 23-26 European
The Swiss franc , a safe-haven along with the yen, was a shade
higher at 1.009 francs per dollar after advancing 0.15% on Wednesday.
The Australian dollar nudged down 0.1% to $0.6876.
(Editing by Sam Holmes)
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