The yen weakened against other G10 and Asian currencies in early trading on April 17 as reports that the U.S.-Japan tariff talks on Wednesday did not include foreign exchange issues, easing concerns that the Trump administration may highlight Japan's exchange rate issues. However, Vishnu Varathan, an analyst at Mizuho Securities (Singapore), said trade uncertainty remained high despite Japan's "tremendous progress" in deal talks. He said bigger volatility could come as Japan kicks off talks on a deal, prompting markets to bet on a "deal" or "no deal" dichotomy.
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There were reports that the U.S.-Japan tariff talks did not include foreign exchange, and the yen weakened
The yen weakened against other G10 and Asian currencies in early trading on April 17 as reports that the U.S.-Japan tariff talks on Wednesday did not include foreign exchange issues, easing concerns that the Trump administration may highlight Japan's exchange rate issues. However, Vishnu Varathan, an analyst at Mizuho Securities (Singapore), said trade uncertainty remained high despite Japan's "tremendous progress" in deal talks. He said bigger volatility could come as Japan kicks off talks on a deal, prompting markets to bet on a "deal" or "no deal" dichotomy.