United States RealClearMarkets/TIPP Economic Optimism (MoM) below forecasts (50.2) in May: Actual (47.9)

May 6, 2025

USD/JPY declines as Yen gains on trade friction and cautious global sentiment

USD/JPY continues to trade lower as renewed safe-haven demand supports the Japanese Yen (JPY).

US Treasury Sec. Bessent: Negotiating with 17 trading partners, have not engaged with China yet

United States (US) Treasury Secretary Scott Bessent said on Tuesday that they are actively negotiating with 17 trading partners, while clarifying that they have not engaged with China as of yet, per Reuters.