USD/JPY recovers on de-escalating US-China trade tensions ahead of critical NFP report

  • The Japanese Yen (JPY) is weakening against the US Dollar (USD) on Thursday following news of a productive phone call between US President Donald Trump and Chinese President Xi Jinping. After an approximate 90-minute discussion between the leaders of the two largest economies in the world, Trump reported that he had a “very good phone call with President Xi”.