Dollar/yen spins on headline news about mutual tariffs.

【4/14Market Overview

Tokyo time, the dollar/yen rose to 144.06 on early morning reports that the U.S. administration had exempted electronic devices such as smartphones from reciprocal tariffs; however, after goods secretary Gina Raimondo indicated that electronics would be subject to planned semiconductor tariffs,142.25yen then fell. Subsequently, the dollar/yen was bought back to143.20yen. In European-hours, with dollar selling against European currencies, the dollar/yen briefly dropped to142.23yen. In New York time, as U.S. and European stocks held firm, risk aversion shrank and yen selling/dollar buying led. The dollar/yen rose to briefly144.08yen. Subsequently, with the retreat in the U.S. 10-year bond yields, the dollar/yen fell to142.78yen.

【4/15Market View