Yen at two-month low as markets ponder U.S. tariffs, pound firm before EU summit


TOKYO (Reuters) – The Japanese yen weakened to near-two-month lows against the dollar as financial markets took fresh U.S. tariffs on Chinese goods in their stride and as U.S. bond yields shot up to four-month highs on fears of rising inflation.

The British pound gained a tad in early Asian trade, hitting its highest levels in almost two months versus the dollar, the euro and the yen, on hopes the European Union and the U.K. will strike a deal to avoid a hard Brexit.

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