USD/JPY smacked as Japanese trade officials return home

The Japanese trade delegation returned home from the US on  Friday, with apparently little in the way of an outline for a trade deal. That was despite the usual rhetoric from the US President claiming that talks were going well. Of course there was always little chance of any deal being reached in just one short visit. According to reports seen here, the Japanese have refused to extend US bond holding maturities, as demanded by the President. So, the risks to the dollar have been amplified even more and today the Yen has risen to its highest level versus the dollar since September last year. That comes as US stock futures fall. The dollar based at 139.58 back in September 2024 and the fall this morning has seen it drop to 140.62 so far. The opening high seen earlier today was set at 142.25. The USD/JPY is right now at 140.70