Jul 23 2018

Yen Firms, Dollar Weakness Holds After New Trade Tension

The Japanese Yen firmed and the dollar held its losses in early trading on Monday after the renewed concerns over global trade resulted in cold sweat through the market late last week.

The US dollar index was off 0.2 percent after slumping on Friday. The Yen was 0.4 percent firmer at ¥111 after gaining close to 1 percent on Friday and amid fresh surmise over a change in Bank of Japan policy.