The dollar rose against Japanese yen on Thursday as optimism around easing trade tensions between the United States and China sapped demand for the safe-haven currencies, even as the holiday-thinned trading kept large moves in the FX market in check.
Beijing said on Wednesday it is in close touch with Washington on a trade deal signing ceremony, a day after U.S. President Donald Trump said that he and Chinese President Xi Jinping will have a ceremony to sign the recently struck trade deal.
Against the Japanese yen, which tends to benefit during geopolitical or financial stress as Japan is the world’s biggest creditor nation, the dollar rose 0.23% to 109.6.
The dollar index, which measures the greenback against six other major currencies, was 0.04% lower at 97.616.
Source : Reuters