12-08-2025
- Business
- Wall Street Journal
Yen Mostly Weakens After U.S. Extends China's Trade Deal Deadline
0051 GMT — The yen weakens against most other G-10 and Asian currencies in early trade after President Trump extended the U.S.'s trade truce with China through Nov. 9. This means the tariff rate on imports from China will stay at 30% instead of jumping to a higher level as it would have if no deal had been struck by Tuesday. Although this extension was highly anticipated, confirmation of the trade truce will still be positive for sentiment in Asia today, UOB's Global Economics & Markets Research say in a note. USD/JPY edges 0.1% higher to 148.35, AUD/JPY rises 0.2% to 96.72, and EUR/JPY is 0.2% higher at 172.35, FactSet data show. (
