Mumbai, July 4 -- The Japanese yen staged a firm rebound in early electronic trading today, recovering from a sharp 1% decline in the prior session that had pushed it to 145.23. The recovery was supported by stronger-than-expected household spending data for May, reflecting the impact of recent fiscal stimulus. Sentiment also improved amid hopes of progress in Japan-US trade talks, with Tokyo firmly opposing a potential 25% tariff on its vital auto sector. Meanwhile, the dollar index's retreat to 96.58 added to the yen's upward momentum.

Published by HT Digital Content Services with permission from Capital Market....