The Japanese yen weakened against the US dollar on Tuesday after revised data showed Japans economy flatlined in Q1, improving from an earlier 0.2 percent contraction but slowing sharply from Q4s 0.6 percent growth. Bank of Japan Governor Kazuo Ueda told parliament that the central bank is ready to raise interest rates again if inflation stabilizes near 2 percent. Meanwhile, the US dollar strengthened on growing optimism around US-China trade talks, which reduced safe-haven demand. Officials met in London to discuss rare earth shipments and easing of export curbs, with further talks expected on Tuesday. USD/JPY hit a two-week high above 145 mark today. On the NSE, JPY/INR futures are down half a percent at 59.60.
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