XRP dropped 12% on Wednesday amid Nature's Miracle's plan to launch a $20 million reserve focused on the remittance-based token.
President Trump's announcement of a trade deal between the US and Japan and prospects of a potential US-EU agreement weighed on the US Dollar (USD), which added to the persistent ongoing weakness.
The Japanese Yen (JPY) is up a marginal 0.1% against the US Dollar (USD) as market participants temper their response to the announcement of a US/Japan trade agreement amid uncertainty surrounding PM Ishiba’s political future, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.