Dollar/Yen falls to 155.41 yen after postponement of tariff hikes by the second Trump administration.
【1/20Market Overview
Tokyo time, USD/JPY rose to156.58yen in early trading, but then struggled to push higher and traded narrowly around156yen. In European trading, USD/JPY rose gradually to156.46yen, butWSJ reported that “Donald Trump, who will assume the U.S. presidency, is seen postponing the imposition of new tariffs on imports,” which reduced concerns about renewed U.S. inflation and led to dollar selling, pulling the pair down to155.41yen.NY time, with the U.S. markets closed for Martin Luther King Jr. Day, the dollar weakened on the news that President Trump would postpone tariff imposition in his inaugural address and executive orders.
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