India, July 9 -- The Japanese yen weakened against other major currencies in the late Asian session on Wednesday, as traders reduced their bets on an immediate interest rate hike by the Bank of Japan (BoJ) due to worries about the possible economic effects of US President Donald Trump's trade tariffs.
Trump said Tuesday his extended Aug. 1 deadline for his "Liberation Day" tariffs will stick, after previously suggesting it wasn't "100 percent firm."
Trump also announced a 50 percent tariff on copper imports, hinted at a potential 200 percent tariff on pharmaceuticals, and an additional 10 percent tariff on BRICS nations and their allies, marking a new phase in his aggressive trade policy.
Traders also look ahead to the release of the min...