USD/JPY rises 300 pips from the Trump tariff reversal

USD/JPY is again to the place it was within the hours after the ‘Liberation Day’ announcement in an enormous flip.

The yen is dropping onerous on a soar in threat property that has the Nasdaq up practically 10% following a Trump submit saying he was dropping all world tariff charges to 10% apart from China as a way to have negotiations.

I’d count on this momentum to proceed maybe into the weekend however there are nonetheless some massive questions right here on tariffs and the worldwide economic system. This nonetheless places the efficient US tariff fee at excessive ranges and there are main questions on whether or not that 10% stage is a flooring.

I feel that every one that argues that the yen stays a useful secure haven.

This text was written by Adam Button at www.ubaidahsan.com.



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