U.S. President Donald Trump said Thursday the U.S. will probably know in the next three or four weeks about a possible trade deal with China.
Asia Pacific markets were set to trade cautiously on Friday as investors digested new developments on the U.S.-China trade front as well as a vote from lawmakers that could potentially delay the U.K.'s exit from the European Union.
The yen traded at 111.70 to the dollar after weakening from levels near 111.00. The safe haven currency will be watched as Japan's central bank is set to deliver its monetary policy decision later in the day. "The big question for the BoJ tonight is whether the deterioration in trade warrants an adjustment in their economic assessment," she added.
In the U.K., lawmakers voted in favor of seeking a delayed departure from the European Union for at least three months. The vote was nonbinding, however, and the EU will have to agree to a delay. Brussels, for its part, has already said the U.K. needs to justify requesting such an extension beyond the current Mar. 29 deadline.
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