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  - FINANCIALMIRROR.COM - A La Une - 25/Jun 09:08

Yen weakens on slowing safe-haven demand

The Japanese Yen remains on the back foot against its American counterpart, with the USDJPY pair climbing back closer to mid-145.00s during early European trading on Wednesday. The optimism over the Israel-Iran ceasefire remains supportive of a positive risk tone and acts as a headwind for traditional safe-haven assets. Moreover, the Summary of Opinions from the Bank of Japan’s June meeting showed that some policymakers called for keeping interest rates steady for the time being due to uncertainty over the impact of US tariffs on Japan’s economy. This, in turn, prompts some selling around the JPY. Investors, however, seem convinced

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