USD/JPY surges on US-China tariff Truce, hits 144+ – Rabobank

  • News that the US and China have reached an agreement that substantially lowers trade tariffs between them for 90 days has sparked a wave of optimism that has supported risky assets and weighed on safe havens. In line with this, the JPY is the worst performing G10 currency on a 1 session view, having declined almost 1.6% vs.