Weak hopes of signing the US-China trade agreement at the G20 meeting this month and mass street protests in Hong Kong led investors into safe havens. This instantly affected the main risk indicators, the yen, and the Australian dollar. The yen approached a weekly high against the dollar, rising 0.2% to 108.295 yen. Also, the "Australian" updated the January minimum in relation to the "American".

Growing doubts about the improvement of trade relations between Washington and Beijing on the eve of the G20 summit are forcing investors to sell stocks and look for a safe haven. Concerns were raised by protests in Hong Kong about a planned extradition law with mainland China, as well as reports of an attack on tankers in the Gulf of Oman and on ships near the Emirate of Fujairah. The rejection of risky assets and falling stock markets support the yen as usual. The collapse of the Australian dollar also contributes to the growth of the yen.

The Australian dollar fell by 0.3% against the US dollar to 0.6911 dollars while in respect to the yen, it lost 0.6% to 74.80 yen. MUFG analysts point out the likelihood that the Central Bank of Australia will cut rates by 65% in July and more than 80% in August and September. The Australian government bond yields have fallen to a record low. In general, the local currency will be under pressure.