Japanese Yen Weakens as Sentiment Towards the Trade War Turns Positive

The Japanese yen has weakened against the US dollar on Friday as the market sentiment improves over rising optimism for a breakthrough in

USD/JPY bearish as trade talks go on

The Japanese yen has weakened against the US dollar on Friday as the market sentiment improves over rising optimism for a breakthrough in the ongoing US-China trade talks. At the time of writing, USD/JPY is trading around 107.95.

Hopes have once again risen that the discussions will bear fruit and that the US and China will be able to resolve at least some of their differences and progress towards a trade deal. This has not only reduced the appeal for safe haven in global markets but has also caused the US dollar to weaken, driving additional bearishness in USD/JPY.

After the first day of high-level discussions between US-China trade teams, US President Donald Trump stated that the negotiations had gone very well. Trump is expected to meet with Chinese Vice Premier Liu He at the White House later today, giving markets hope for a possible interim trade deal to be announced.

ABOUT THE AUTHOR See More
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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