Yen update – continues to get hit lower on the back of Trump tariff attack

I’ve done much posting on this, so not gonna repeat myself.

Here:

• There are some reports that Trump is going to hit Japan with an extra 15% tariff, yen hit
• Yen has stabilised after massive news that Trump could slam Japan with extra 15% tariff

That yen stability didn’t last:

• Further reports of Trump to slam an extra 15% tariff on ALL Japan imports

TL;DR version of all this:

• Japan had anticipated that products already facing tariffs below 15% would see those raised to 15%, while items with higher tariffs—such as beef—would remain unchanged. However, the U.S. government has stated that all Japanese imports will face an additional 15% tariff, regardless of their current rate.

USD/JPY chart above for the JPYT update.

This article was written by Eamonn Sheridan at investinglive.com.