USD/JPY rebounds for the first time in four days as excessive risk-avoidance stance retreats.
【1/28Market Overview
Tokyo time, reports that U.S. Treasury Secretary Janet Yellen is planning gradual tariff increases, potentially up to a maximum20%, and that President Trump has expressed views such as applying tariffs to other industries including semiconductors, steel, and aluminum, or a broad-based tariff exceeding2.5%. From expectations of higher U.S. interest rates due to tariff policy, the USD/JPY rose to155.94yen. In European trading, USD/JPY rose to temporarily155.98yen. Afterwards, with declines in 10-year U.S. Treasury yields, USD/JPY fell to155.05yen. In New York time, USD/JPY moved in the mid-155s with little direction.NYtime, USD/JPY155yen levels with little movement.FOMC (1/29) results, the mood was cautious and no clear direction emerged.
【1/29Market View