The dollar rose to one week highs against the yen on Thursday amid signs of a truce in the Sino-U.S. trade war, but investors remained wary ahead of a closely watched meeting between the two countries at the G20 summit this weekend.

The dollar was up 0.32% at 108.11 yen by 02:51 AM ET (06:51 GMT), its highest since June 19.

The South China Morning Post (SCMP), citing sources, said in Washington and Beijing were laying out an agreement that would help avert the next round of tariffs on an additional $300 billion of Chinese imports.

On Wednesday, U.S. President Donald Trump said a trade deal with his Chinese counterpart Xi Jinping was possible this weekend though he was prepared to impose tariffs on virtually all remaining Chinese imports if talks fail.

Source : Investing.com