Dollar Slips, Yen Gains After US-Japan Trade Deal
A Bloomberg gauge of the dollar edged lower and the yen advanced after the announcement of a sweeping US-Japan trade deal, while Treasuries slipped across the curve.
The euro reversed losses as diplomats said the European Union and the US are working toward their own agreement on levies.
The Bloomberg Dollar Spot Index falls 0.2%; greenback mixed versus Group-of-10 peers.
USD/JPY down 0.1% to 146.53 in choppy trade, easing earlier losses.
In Tokyo trading, the yen rallied on reports of trade deal, then came under pressure following a report that Prime Minister Shigeru Ishiba is set to resign, only to erase losses after denial.
Reports now suggest Ishiba looks to extend his premiership after US trade agreement.
EUR/USD rises 0.1% to 1.1762, reversing earlier losses, on reports that the EU and US could strike a trade deal that would see 15% tariffs on most European imports.
The Australian and New Zealand dollars lead G-10 gains as risk-on mood takes over in global stock markets.
AUD/USD rallies 0.5% to 0.6589; NZD/USD up 0.6% to 0.6038.
Source: Bloomberg
