The US Dollar is down against the Japanese Yen in the European trading session, trading below 148.40 levels.
The USD/JPY currency pair is retreating in the European session, as safe-haven demand for the Yen grew and as Japan sent a delegation to the US, giving hopes of a swift end to the trade conflict. In Japan, Bank of Japan Governor Ueda has spoken. In the US, Fed Meeting Minutes will be posted (19:00 GMT+1).