Dollar/yen falls into the 152 yen range after Trump's remarks on strengthening tariffs as the next U.S. president.
【11/26Market Overview
Tokyo time, when President-elect Trump announced that he would impose additional tariffs on China at the time of his inauguration,10% on all imports for Canada and Mexico would be imposed25%on top, selling concentrated in both currencies led to a sharp drop in the Canadian dollar and Mexican peso. The USD/JPY rose to as high as154.48yen, but then fell as cross yen declined, with USD/JPY dropping to153.55yen. In European time, USD/JPY saw a rebound and climbed back into the high154yen range, but as Asian and European stocks softened, risk-off sentiment intensified, leading to yen buying and dollar selling.NYtime, the risk-off trend continued, and USD/JPY fell to152.97yen. Subsequently, a rebound occurred but the upside was limited.