Dollar up against yen on U.S.-China trade optimism [Reuters]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
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Source: Reuters
Dollar up against yen on U.S.-China trade optimism | Reuters 3 Min Read TOKYO (Reuters) - The dollar was firm against the yen on Friday as growing optimism on progress in Sino-U.S. trade talks supported broader appetite for risk. A Wall Street Journal report on Thursday that U.S. Treasury Secretary Steven Mnuchin had considered easing tariff imposed on Chinese imports lifted sentiment though a Treasury spokesman later denied the report. “The reaction of the market to the report shows the overall optimistic view (is) spreading out across the foreign exchange market,” said Masafumi Yamamoto, chief currency strategist at Mizuho Securities. Chinese Vice Premier Liu He will visit the United States on Jan. 30 and 31 for the latest round of trade talks aimed at resolving the trade standoff between the world’s two largest economies. Against the yen, the dollar edged up to 109.31 yen for its fourth-day of gains against the Japanese currency and just off a two-week high of 109.40 touched overni
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