The Japanese yen strengthened past 147 per dollar on Thursday, moving in a volatile range as trade tensions persisted. Markets reacted to President Trump’s 90-day pause on tariffs for non-retaliating countries, offering Japan some relief with a reduced 10% baseline tariff. However, tensions remained elevated as Trump raised tariffs on Chinese imports to 125% in response to Beijing’s retaliation. The EU may be excluded from the pause due to its own countermeasures. Meanwhile, the U.S. confirmed plans to begin trade talks with Japan after Trump’s call with Prime Minister Shigeru Ishiba.
Key resistance is at 148.70, with further levels at 152.70 and 157.70. Support stands at 145.60, followed by 143.00 and 141.80.
Key resistance is at 148.70, with further levels at 152.70 and 157.70. Support stands at 145.60, followed by 143.00 and 141.80.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.