The Japanese yen weakened to around 145 per dollar on Tuesday, reaching a near two-week low as optimism surrounding US-China trade talks dampened demand for safe-haven assets.
Officials from both nations met in London on Monday to discuss rare earth shipments and the potential easing of export restrictions, with further negotiations expected to continue on Tuesday.
On the domestic front, revised data showed Japan's economy was flat in the first quarter, improving from an initial estimate of a 0.2% contraction. Still, the result marks a notable slowdown from the 0.6% expansion recorded in the previous quarter.
Meanwhile, Bank of Japan Governor Kazuo Ueda last week reiterated the central bank's readiness to raise interest rates if economic and inflation projections are met, reinforcing expectations of a gradual shift away from ultra-loose monetary policy.
Source : Trading Economics
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