The yen declined against other G-10 and Asian currencies after reports confirmed that foreign exchange issues were not discussed in Wednesday’s U.S.-Japan tariff talks.
This helped ease market worries that the Trump administration might target Japan’s currency policies.
Despite this relief, trade uncertainty remains elevated.
- Mizuho Securities said Japan is making “great progress” in negotiations, but the start of formal talks has heightened market sensitivity to a potential “deal or no deal” outcome, increasing volatility.
This article was written by Eamonn Sheridan at www.forexlive.com.