Japan, Donald Trump
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Barchart on MSNDollar Supported by Reduced Trade Tensions and Higher Bond YieldsThe dollar index (DXY00) today is up by +0.10%. The dollar is climbing today on reduced global trade tensions after the US agreed to a trade deal with Japan. Strength in T-note yields today has also improved the dollar's interest rate differentials.
On the currency front, the yen weakened after an initial bounce, as political and bond-market volatility overshadowed the trade deal benefits. The USD/JPY traded up to 147.20, and the dollar index (DXY) stabilized near 97.53.
Japan's benchmark Nikkei 225 rose sharply on Wednesday, after President Donald Trump finalized the long-anticipated trade deal between Washington and Tokyo.