The Japanese Yen (JPY) weakens against the US Dollar (USD) on Friday, with USD/JPY rebounding after slipping to two-week lows earlier in the Asian session. The recovery comes as the Greenback regains footing after President Donald Trump softened his rhetoric on China, helping stabilize risk sentiment and lift the Dollar across the board.
At the time of writing, USD/JPY is trading around 150.38, erasing intraday losses after bouncing off a session low near 149.38. The move reflects renewed demand for the USD as investors unwind defensive positions heading into the weekend.
Speaking on Friday, President Trump said his plan to impose 100% tariffs on all Chinese imports “is not sustainable”, signaling a step back from his earlier hardline tone. He also confirmed he expects to meet Chinese President Xi Jinping at the upcoming APEC Summit in South Korea.
On the monetary policy front,…
