The dollar-yen pair continues to fall on weak U.S. economic indicators, amid jittery moves due to Trump's tariffs.
【2/4Market Overview】
In Tokyo time, as tariffs on Canada and Mexico by the United States were30days suspended, concerns over a worsening trade war eased, and the USD/JPY rose to155.40yen. After that, if the United States imposes the planned 10%10tariff on imports from China, the risk-off flow would intensify amid fears of a deepening trade war, and the USD/JPY would fall to154.82yen. In European time, the USD/JPY rose to155.52yen, but later faced selling pressure and failed to rise further.NY time,12 U.S. Job Openings and Labor Turnover Survey (JOLTS) showed that job openings and12month U.S. manufacturing new orders came in weaker than expected, leading to broad dollar selling, and the USD/JPY fell to154.17yen.
【2/5Market View】
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