FX.co ★ Japanese Yen Holds Gains After US Trade Deal

The Japanese yen maintained its recent momentum, stabilizing at approximately 146.5 per dollar on Wednesday. This represents a near two-week high spurred by the announcement of a trade agreement between the United States and Japan. President Donald Trump revealed the agreement, which includes a 15% tariff on Japanese exports entering the US. Additionally, Trump announced that Japan would invest $550 billion in the United States and would open up its markets to essential American products. Prime Minister Shigeru Ishiba acknowledged he had been informed about the negotiations but did not disclose further details, affirming his dedication to safeguarding the "national interest." In a related development, there are reports indicating that Ishiba might contemplate resignation depending on the tariff discussions' outcomes. Political instability has further intensified following the ruling coalition’s loss of its majority in the upper house during the weekend elections, coinciding with increased pressure from US trade policies.