India, July 23 -- The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as additional uncertainty increased as a result of media reports that Japanese Prime Minister Shigeru Ishiba may step down as early as this month.
The upbeat market mood is seen as another factor weakening demand for the safe-haven JPY amid less predictions for an early rate hike by the Bank of Japan (BoJ).
Market sentiment improved following global trade developments as markets await potential trade deals between the U.S. and its partners ahead of the August 1 deadline. U.S. President Donald Trump's announcement of a "massive" trade deal with Japan eased concerns about the tariff war.
U.S. President Donald Trump has threatened n...