India, June 18 -- The Japanese yen strengthened against other major currencies in the Asian session on Wednesday, as investors remain cautious of persisting trade uncertainty and escalating geopolitical tensions, which provide some support to the safe-haven JPY.
Concerns about the escalating tensions in the Middle East that fueled fresh speculation that the U.S. is on the verge of joining Israel's attack on Iran weighed on the sentiment. Traders are also cautious ahead of the U.S. Fed's interest-rate decision.
While reports hinting at an end to hostilities contributed to a rally on Monday, news that U.S. President Donald Trump left a G7 summit early to focus on the conflict has led to worries about further escalation after Trump demanded ...