The Japanese Yen (JPY) retreats sharply from a two-week top touched against its American counterpart during the Asian session on Wednesday and lifts the USD/JPY pair above the 147.00 mark in the last hour.

Asian shares have rallied, with Tokyo's benchmark Nikkei 225 index up more than 3% after Japan and the U.S. announced a deal on President Donald Trump's tariffs

Japan's yen was climbing against the U.S. dollar Monday after Prime Minister Shigeru Ishiba vowed to stay on, even though his ruling coalition just lost its majority in the country's upper house. The

Investors will be keeping a close watch on the People’s Bank of China’s decision on its 1-year and 5-year loan prime rates for July, expected later in the day.

The yen may be volatile against the dollar as a setback for Prime Minister Shigeru Ishiba’s ruling coalition in the upper house election casts doubt over the nation’s policy direction, dimming the appeal of Japanese assets,

Through its careful development of the digital yen, Japan may offer a path to adopt central bank digital currencies without compromising financial stability or civil liberties.