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Japanese Yen Unchanged Despite Initial Trade Accord with U.S.


Tuesday, 17 September 2019 11:04 WIB

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The Japanese yen stayed largely unchanged against the U.S. dollar on Tuesday in Asia despite news that the U.S. reached an initial trade accord with Japan over tariffs.

It is unclear whether the U.S. will maintain tariffs on Japanese auto imports as part of the agreement.

The yen was little impacted by the news, as the USD/JPY pair was unchanged at 108.10 by 11:10 PM ET (03:10 GMT).

The AUD/USD pair lost 0.3% to 0.6842.

Minutes of the Reserve Bank of Australia's Sept 3 meeting showed the central bank would consider more rate cuts in order to support growth and also to reach its 2-3% inflation target.

Source : Investing.com


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