Market News

• Markets brace for more trade-related announcements from Trump
• Dollar rises against yen amid stalled US-Japan trade talks
• EU may secure exemptions from US tariffs, sources say
• Fed policy minutes due later in the day

TOKYO, July 9 (Reuters) - The dollar strengthened to a more than two-week high against the yen on Wednesday as U.S. President Donald Trump pledged more trade-related proclamations after announcing 25% tariffs on Japan and other trade partners.
The greenback advanced against major peers on Tuesday after Trump's latest threats of tariffs that are now due to start on August 1, although he later said he was open to extensions if countries made proposals.

Trump said on social media that there would be announcements on Wednesday regarding "a minimum of 7 countries having to do with trade," without specifying any details.
He also threatened a 50% tariff on imported copper and said he would soon introduce long-threatened levies on semiconductors and pharmaceuticals.
Despite recent gains, the dollar index , which measures the greenback against six major peers, is still down more than 6% since Trump on April 2 unveiled his sweeping "Liberation Day" reciprocal tariffs, which prompted a sell-off in markets but were later mostly postponed to give time to negotiate bilateral trade deals.

"The market's second take on the reciprocal tariff announcements was actually dollar negative on the view that there was as much harm, or more harm, going to be inflicted on the U.S. from these actions as elsewhere," said Ray Attrill, head of FX strategy at the National Australia Bank.
"It makes markets reluctant to take a kind of positional view as to how this may play out, given uncertainty still reigns," he added.

The dollar firmed 0.1% to 146.75 yen , after touching 147.19, and has gained 1.5% so far this week - the greenback's biggest weekly rise since mid-December.
Export-dependent Japan stands out among major U.S. trading partners as being the farthest from a deal, and its currency has taken a beating as time runs out. Multiple rounds of talks have failed to result in a breakthrough, and Japanese policymakers are increasingly focused on a critical upcoming election.