The dollar fell against the yen as Japanese stocks opened lower on Wednesday in ...
TOKYO - The dollar fell against the yen as Japanese stocks opened lower on Wednesday in a sign markets remain nervous about U.S.-China trade frictions following major foreign exchange volatility in the previous session.
Traders await China’s central bank fixing for the onshore yuan later on Wednesday and currencies are expected to remain stable, provided there is no fresh exchange of policy or rhetorical shots between Beijing and Washington. Any rapid deterioration in sentiment would support the safe-haven yen and hasten yuan declines as there appears to be no quick resolution to China and the United States’ trade dispute, which escalated earlier this week when Washington branded Beijing a currency manipulator.
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