JPY Gains Over One Percent Against USD Over Escalating Trade Concerns

Demand for safe havens has helped the Japanese Yen surge to a three-month high against the US dollar on Thursday. Chinese Vice Premier Liu He will begin talks in Washington later today which will continue till tomorrow.

Markets wait on the sidelines with bated breath hoping that both world leaders are able to resolve their conflicts and the trade talks proceed towards a deal soon. Global economic growth concerns remain as US engages with a fresh tariff war on China, alleging that China has backtracked on important terms negotiated so far.

Unlike the initial rounds of tariff hikes, even as safe haven demand increases, the dollar isn’t strengthening and making new gains this time around. For now, USD/JPY trades at 109.82 as the Japanese Yen gains more than one percent over the dollar in a month.

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Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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