Yen Creeps Higher Amid Caution over US-China Trade Talks

The yen gained slightly and the Yuan slipped on Monday as a media report emerged that China wants the scope of this week’s trade talks any trade deal and any deal with the United States to be narrow.

The report knocked down the dollar as the Japanese Yen edge up 0.1% to 106.79 per dollar.

The Chinese Yuan fell more than 0.3% to 7.1356 per dollar in offshore trade. Other trade-exposed currencies such as the Australian dollar and the Korean won also skidded on doubts that much will be achieved at the trade negotiations.