02/02/2025 21:05

Release： 02/02/2025 21:05

Update： 02/02/2025 21:05

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This is a magazine for upskilling in FX trading. Two features: FX Evangelist Endō's USD/JPY analysis, and former mega-bank chief dealer Hayashi's global analysis of the foreign exchange market.

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Fueled by renewed U.S. inflation concerns and vigilance toward U.S. tariff policies, USD/JPY rebounded for the first time in three days.

【1/31Market Overview

During Tokyo time, the USD/JPY fell to as low as153.91yen on risk-off sentiment amid concerns over Trump administration's tariff policy. Later, driven by higher10year bond yields in after-hours trading, it rebounded to154.94yen. In European time, USD/JPY rose to154.96yen, but then hovered around the upper 154s.NYTime, expectations of renewed U.S. inflation and concerns over tariffs led to broad dollar buying, pushing USD/JPY to155.02yen. Afterwards, some reports suggested that2月1日 sanctions on Canada and Mexico with a 25% tariff might be postponed to25％31月日に延期される見通し154.67yen. However, White House spokesperson Lebowitz stated that Canada and Mexico would face25％, and China would face10％ tariffs from2月1日, prompting renewed dollar buying and sending USD/JPY to155.22yen.