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Dutch International: Yen safe-haven demand declines, political uncertainty intensifies market Fluctuation.
Jin10 data July 23 news, after U.S. President Trump announced a trade agreement with Japan, the yen initially rose before weakening. The U.S. will impose a 15% tariff on Japanese goods, lower than the previously threatened 25% rate. ING analyst Chris Turne pointed out that the agreement boosts risk appetite and weakens the yen's safe-haven demand. He analyzed that due to Prime Minister Shigeru Ishiba's ruling coalition losing its majority in the Sunday Senate elections, the market speculates he may resign, triggering political uncertainty – including how the new prime minister will cooperate with the opposition, and what kind of policy pressure the Central Bank of Japan will face.