The Japanese yen weakened 5 percent on Tuesday as investors’ risk appetite ticked up after President Donald Trump cancelled plans to tariffs on Mexico, though new U.S. trade pressures against China tempered general market sentiment.

Over a year ago financial markets have been affected by worries of rising trade spats between United States and China the world’s biggest economies, fueling concerns over the outlook for economic growth.

The U.S. dollar gained close to 0.2 percent versus the Japanese yen, extending a similar benefit in the last session.

The U.S. dollar index edged up 0.05 percent to 96.799, climbing 0.2 percent gain achieved overnight.