Dollar Strengthens Against Yen as US-China Trade Talks Eases Worries

The U.S. dollar strengthened against the yen on Monday, reaching a new high of 146.19 yen in early Asian trading. This rise followed weekend talks between the U.S. and China that eased concerns about trade tensions. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer announced a deal to reduce the U.S. trade deficit with China. The move comes after President Trump’s recent tariffs aimed at curbing imports, which initially caused volatility in the market.