In a risk-averse trend that shunned mutual tariffs, the dollar/yen fell to 144.18 yen.

【7/4Market Overview

Tokyo time, dollar-yen is pressured by profit-taking after the rally driven by strong U.S. jobs data (7/3).7/4),10–12 exchange rates letter indicates new tariffs will be imposed from8/1, and risk-off selling in dollars and buying in yen was added, sending dollar-yen down to as low as144.18 yen. In European and U.S. hours, dollar-yen eased after the initial selling and traded with small moves around the mid-144s range. With the U.S. market closed for Independence Day holiday, trading in Europe was thin.

【7/7Market View