Kyodo report.

Yen losing some ground on this.

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Frosty relations between China and Japan were prompted by new Japan PM Takaichi making comments on Taiwan a couple of weeks ag0. China reacted with fury and it hasn’t let up.

Yesterday:

• investingLive Asia-Pacific FX news wrap: BOJ Governor Ueda to meet with PM Takaichi later
• China escalated pressure on Japan, banning travel by state-owned enterprise employees, cancelling tour groups and events, and halting Japanese film releases.

This article was written by Eamonn Sheridan at investinglive.com.