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Yen weakens as Asian markets reopen to renewed tariff turmoil
The yen weakened on Tuesday as markets weighed the fallout on global trade from renewed turbulence over US President Donald Trump’s tariff regime. The greenback clawed back losses as China and Japan reopened following holidays and Trump warned countries against retreating from recent trade deals after the Supreme Court struck down his emergency tariffs. The yen dipped after China announced export controls on Japanese companies in a further sign of souring relations. The Nikkei newspaper said US authorities took the lead in conducting so-called rate checks last month to prop up Japan’s currency without a request ... (full story)
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