Forex - Yen dips after NKorea missile test, China-U.S. summit eyed

The yen trended slightly weaker in Asia on Wednesday as a medium-range ballistic missile test by North Korea ahead of a summit between U.S. President Donald Trump and Chinese President Xi Jinping this week rattled nerves, but not markets and investors looked ahead to U.s. jobs data to set the tone.
USD/JPY changed hands at 110.78, up 0.03%, while AUD/USD traded at 0.7571, up 0.08%.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.04% to 100.38.
Overnight, the dollar traded high against a basket of major currencies on Tuesday, after the release of upbeat U.S. trade data, while investors shifted focus to the Trump-Xi meeting.

Comments