The dollar/yen fluctuated wildly on tariff policy reports by the next U.S. president.
【1/6Market Overview
Tokyo time, the USD/JPY rose from early trading with buying momentum157.86to as high as 157.86 yen. After the first trading day, as the Nikkei average turned lower, it pulled back to157.48yen, but then showed firm movement around157.80yen. In European time, the USD/JPY continued the momentum from Tokyo time157.96to rise to the 157.96 yen level. However, when the Washington Post reported that “the next president Trump is considering imposing tariffs only on key items,” dollar selling led to a decline, and the USD/JPY fell temporarily to156.23yen.NYtime, when Trump said “The Washington Post article is not accurate” and “I will not back down on tariff policy,” dollar buying returned, lifting USD/JPY back to around157.70yen.
【1/7Market View