The Japanese yen weakened toward 152 per dollar in thin holiday trading on Monday, reversing some of the previous session’s gains as easing US-China trade tensions dampened safe-haven demand and investors monitored political developments in Tokyo. The yen had jumped more than 1% on Friday after US President Donald Trump threatened to impose an additional 100% tariff on Chinese goods starting November 1 in response to Beijing’s new export controls on rare earth minerals. However, Trump later signaled openness to negotiate ahead of a potential meeting with President Xi Jinping later this month, saying that trade relations with China “will all be fine.” In Japan, markets reassessed the odds that LDP leader Sanae Takaichi will become prime minister and roll out fresh fiscal stimulus after Komeito quit the ruling coalition on Friday, ending a partnership of more than 25 years over what it called Takaichi’s failure to “provide sufficient answers regarding political funding issues.”