The Japanese yen held its recent advance to around 146.5 per dollar on Wednesday, hovering at a near two-week high following news of a trade agreement between the US and Japan. The deal, announced by President Donald Trump, includes a 15% tariff on Japanese exports to the US.
Trump also stated that Japan will invest $550 billion into the US and open its markets to key American goods. Prime Minister Shigeru Ishiba confirmed he had been briefed on the negotiations but offered no details, reaffirming his commitment to protecting the "national interest."
Separately, reports suggested Ishiba is considering stepping down, depending on the outcome of tariff talks. Political uncertainty deepened after the ruling coalition lost its majority in the upper house in weekend elections, a development that comes as Japan faces growing pressure from US trade policy.
Source: Trading Economics
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