The weaker yen today - U.S./Japan tariff talks steering clear of FX concerns cited

The yen declined against other G-10 and Asian currencies after reports confirmed that foreign exchange issues were not discussed in Wednesday’s U.S.-Japan tariff talks.

• Japan economy minister Akazawa says agreed to hold a 2nd meeting with US this month

This helped ease market worries that the Trump administration might target Japan’s currency policies.

Despite this relief, trade uncertainty remains elevated.

• Mizuho Securities said Japan is making “great progress” in negotiations, but the start of formal talks has heightened market sensitivity to a potential "deal or no deal" outcome, increasing volatility.