FOREX-Dollar edges up against yen on U.S.-China trade hopes [Reuters]
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Source: Reuters
Dollar edges up against yen on U.S.-China trade hopes | Reuters 4 Min Read TOKYO (Reuters) - The dollar was firm against the yen on Friday as growing optimism of 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. Kumiko Ishikawa, senior analyst at Sony Financial Holdings, said while Beijing and Washington continue to negotiate, “expectations are that things will go into a positive direction.” Against the yen, the dollar tacked on 0.1 percent to 109.35 yen JPY= for its fourth-day of gains against the Japanese currency and just off a two-week high of 109.40 touched overnight. The dollar index .DXY, which measures the greenback against six major peers, was largely flat at 96.056 after briefly rising to a near two-week high of 96.264 during the previous session.
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