USD/JPY climbs further beyond 145.00 mark, fresh daily peak amid positive risk tone

The USD/JPY pair regains positive traction during the Asian session on Thursday and snaps a two-day losing streak to a one-and-half-week low, around m

Looming recession risks lend support to the safe-haven JPY and act as a headwind.USD/JPY pair

A generally positive tone around the Asian equity markets is seen undermining the safe-haven Japanese Yen and acting as a tailwind for the USD/JPY pair. Hopes for more stimulus measures from China, along with signs of easing US-China trade tensions, boost investors' confidence. It is worth recalling the US Commerce Department’s Bureau of Industry and Security announced earlier this week that it is removing 27 Chinese entities from its Unverified List.

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