The US dollar hit its lowest level against the Japanese Yen since early March on the back of the recent turmoil in Trump's administration after replacing the National Security Adviser following his dismissal of the Secretary of State earlier this week.
Also, the protectionist policies that the US president wants, and the imposition of new tariffs have played a role in making the yen the main beneficiary of this. USDJPY fell to its lowest level since March 7 at 105.60.
In the same vein, all Japanese Yen pairs declined, with the EURJPY hitting its lowest level since March 5 at 130.12 and the GBPJPY reaching its lowest since March 9 at 147.23.
The euro rose against the US dollar during today's trading to reach levels of 1.2320 after yesterday's decline strongly to reach levels of 1.2290. GBPUSD also rallied following positive news on progress in negotiations on Brexit, with the GBPUSD hitting its daily high at 1.3980.
Trump's comments on trade with Canada have had an impact on the movements of the Canadian dollar, which hit its lowest level against the US dollar since late June 2017, as the USDCAD crossed the 1.30 level.
