Tokyo's main index closes at the high amid trade optimism ahead of G20
Markets are feeling a bit more upbeat on the Trump-Xi meeting and that's feeding into gains among equities in Asia to start the day. I would expect similar sentiment among European stocks as well given that US futures are up by about 0.3% currently.
There was an earlier report in the day suggesting that the US and China have reached a tentative trade truce and that's fueling the optimism ahead of talks this weekend.
As such, USD/JPY is holding higher around 108.05 currently - large expiries seen at 108.00 though - with the franc also weaker as USD/CHF holds above the 0.9800 level.
