The Canadian dollar has taken the brunt of worries about US protectionism, falling to lowest levels since late June last week as investors discount the risk Trump may walk out of the North American Free Trade Agreement.
US President Donald Trump has imposed heavy tariffs on imported steel and aluminium, sparking fears of a global trade war. Trump signed two proclamations that levied a 25 per cent tariff on steel and a 10 per cent tariff on aluminium imported from all countries except Canada and Mexico.
The dollar dropped to as low as 105.45 yen, near Friday's 16-month low of 105.24 yen and last stood at 105.75 yen, down 0.35 per cent on the day.
Rising inflation and bond yields were the main concerns as Wall Street ended a turbulent February on Wednesday, with the Dow and S&P 500 capping their worst months since January 2016.
Moises Kalach, head of the international negotiating arm of Mexico's CCE business lobby, said Trump's call for a 25 percent tariff on imported steel appeared intended to increase US content in industrial goods but would have unintended consequences
The S&P 500 slumped 1.33 percent after Trump said the United States would impose duties on imported steel and aluminum, making good on promises to aggressively challenge China and other countries he blames for lost manufacturing jobs
A recent widening in the risk reversal spreads for euro/dollar options, as well as moves in yield spreads between Italian and German government bonds, show signs of investor caution ahead of the Italian election, Teo said.
Toyota Motor Corp has said it will take a stake in taxi-hailing service JapanTaxi, set up by Japan's largest taxi firm, Nihon Kotsu. Uber's new chief executive, Dara Khosrowshahi, is currently in Tokyo and is expected to meet with regulators.
The move is likely to boost the chances of German Bundesbank Governor Jens Weidmann becoming head of the ECB next year to succeed Mario Draghi in 2019, possibly giving the ECB's policy a more hawkish tilt.
The export agreements are conditional upon receipt of regulatory and government approvals in Israel and in Egypt. Noble and Delek Drilling together control 85 percent of Leviathan, with the rest held by Ratio Oil.
Focus was on economic indicators due this week, such as Wednesday's euro zone purchasing managers' index and Friday's German gross domestic product numbers, and whether they could propel the euro higher again.
Speaking at a Dubai conference on global business and social trends, Lagarde also said regulators and governments needed to take the opportunity to avert future crises with economic and financial reforms.
Wall Street's main indexes fell more than 1 percent in early afternoon trading on Friday, deepening losses in the past week that have put all three main U.S. markets in correction territory.
The SFC's move comes as global policymakers have ratcheted up their opposition to trading the digital currencies and have warned investors that their meteoric rise last year was a speculative bubble.
The benchmark Shanghai Composite Index tumbled as much as 5.9 percent at one point to a nine-month low before recouping some losses, while the blue-chip CSI300 dived as much as 6.2 percent.
The Shanghai Composite Index dipped 5.5 percent but recovered slightly to end morning trading down 4.1 percent at 3,127.91. Tokyo's Nikkei 225 was off 3.2 percent at 21,180.28 and Hong Kong's Hang Seng fell 4.2 percent to 29,142.87. Benchmarks in Australia, South Korea and Southeast Asia also retreated.
The Dow Jones Industrial Average sank another 500 points on Thursday as a renewed rise in U.S. bond yields and fears of higher inflation unnerve investors still piecing over a historic drop earlier this week.
The Nikkei gained 0.2 per cent to 21,694.90 points by midmorning, but has still lost nearly 7 per cent so far this week.
The greenback had risen against currencies like the euro as investors sought shelter amid the rout in global equities seen at the start of the week, which was triggered by a massive decline in Wall Street shares.
The Dow had a more than 1,000-point difference between its high and low on Tuesday.