USD/JPY drops again underneath 155.00 and to a recent low for the day

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The USD soared earlier on:

  • Trump says pondering when it comes to 25% tariffs on Mexico and Canada

and is now retracing in opposition to most main FX.

Trump nominated February 1 for the potential tariffs on Canada and Mexico however the the order he signed requests “a unified report coordinated by the Secretary of Commerce by April 1, 2025.” Trump’s first time period had components of chaos identical to this. Right here we go once more. Market volatility is just not unwelcome although.

The yen has retraced and prolonged its features. USD/JPY to a brand new session low now:

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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