India, June 30 -- The safe haven Japanese yen strengthened against other major currencies in the pre-European session on Monday, as traders remain cautious amid renewed optimism about new trade deals after U.S. President Donald Trump indicated he does not think he will need to extend the July 9 deadline for countries to secure trade deals with the US. Trump also indicated the U.S. had signed an agreement with China.
A White House official later clarified that the U.S. and China have agreed to "an additional understanding of a framework to implement the Geneva agreement." Trump administration also expects to soon reach deals with ten major trading partners.
The Japanese Yen (JPY) traded higher amid rising bets of Federal Reserve (Fed) inte...