Dollar-yen falls on souring mood toward intensifying US-China trade war, briefly dropping to 142.05 yen.

【4/11Market Overview

During Tokyo time, as concerns over intensifying US-China trade tensions weighed on sentiment, the Nikkei average fell sharply, and the dollar/yen moved down to142.89yen. It later recovered to around144.14yen. When Europe hours saw China announce additional tariffs on US goods, the dollar/yen briefly touched142.05yen, the lowest sinceSeptemberlast year. It then recovered to143.22yen.In New Yorktime,3月 USPPI（Producer Price Index, wholesale prices） came in below expectations, and the dollar/yen dropped to142.22yen. Following remarks by White House spokesperson Leavitt emphasizing that President Trump is taking a positive stance toward the China deal, and comments by Boston Fed President Eric Rosengren (via an interview with FT) stating that theFTinterview that “theFedis fully prepared to support market stabilization (absolutely),” markets eased their excessive tension. The Dow Jones rose in New York, and the dollar/yen recovered to144.20yen.

【4/14Market View