Escalating Trade War Boosts Japanese Yen

The Japanese Yen has received a boost by the news that the ongoing trade war between the US and China will shift in high gear. The reports suggest that the Chinese government has decided not to continue to discuss trade issues with the US.

According to the report, at 10 AM (JST) in Japan, The USD/JPY was trading at 112.61 yen, up 0.032%, leaving the section peak of 112.614 Yen. The session low is recorded at 112.285 Yen.