Japanese Yen May Fall as US Dollar Sets Up to Overturn Downtrend

The US and Canadian Dollars lined up warily higher on Monday, rallying with a pickup in US government bond backs down as risk appetite improved. The rosy atmosphere is attributed to progress in US-China trade talks.

The pickup in sentiment did not translate clearly and uniformly into foreign exchange markets. For example, the sentiment-linked Australian Dollar ended flat against the US currency while the similarly-behaving New Zealand dollar dwindled.