By rae weekend
Singapore (Reuters) – The yen has reached its strongest level in more than two months Thursday while investors increased bets on new increases in Japan Bank (BOJ) this year, while concerns concerning The new pricing threats by American president Donald Trump have kept markets on the edge.
The Yuan obtained an elevator after Trump said “that it is possible” for the United States and China to have a new trade agreement and said it expected Chinese President Xi Jinping Visit himself to the United States, although he has not given a calendar for the trip.
The Yen increased by more than 0.8% to reach a summit of 150.15 for a dollar on Thursday, extending its earnings compared to the previous session.
Boj governor Kazuo Ueda said on Thursday that he had met Japanese Prime Minister Shigeru Ishiba for a regular exchange of points of view on the economy and the financial markets, but the two have not discussed recent increases long -term interest rates.
“I do not think there is only one cause,” said Moh Siong Sim, a Bank of Singapore Currency Stratege, about the Yen’s push.
“Ueda said he had not discussed growing yields with Ishiba, so it may have excited people to think that the recent increase in yields that supported Yen was not a concern, and therefore C ‘ is a green light for more strength and maybe more than a BOJ hike is very soon.
Investors have gradually added to the bets that BOJ could increase the prices as soon as possible, especially since recent national data supported the case for the tightening of additional policies.
In China, the Yuan Onshore increased by more than 0.2% to 7.2682 for a dollar, while its offshore counterpart also increased by 0.2% to 7.2686.
The Trump administration’s pricing threats have weighed over the Yuan in recent months, so that the latest president’s comments about a possible trade agreement have relieved investors’ concerns concerning a new deterioration in Sino-Us tensions to Short term, said currency traders.
All of this left the dollar under pressure on Thursday.
The greenback has exchanged laterally during the last sessions on the lack of concrete actions of Trump on his pricing threats, although the feeling of investors still practicing has closed the losses of the currency.
Geopolitics also took advantage of big after Trump called Ukrainian President Volodymyr Zelenskiy as “dictator” in the midst of talks to end the Ukraine Russian War.
Sterling hovered almost a two -month summit and was 0.09% higher at $ 1,2597.
The euro increased by 0.06% to reach $ 1,0428 after falling in the previous session as the main decision -makers of the European Central Bank took opposite opinions on the risk of inflation and the quantity bank that retains economic growth.
