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USD/JPY recovers fall below 142 on Trump Japanese trade comments
Later yesterday evening the USD/JPY did eventually force a break below the 142 handle, but as you can see, it took the whole day to do it. The low seen was set at 141.64 and the dollar later posted a US close at 141.88. Earlier this morning it had another look at the downside and set in place a new 2025 low, at 141.62. Well, the dollar has risen steeply from that low since and pushed up to 142.86 a little earlier this morning. The catalyst for the rebound was comments from Trump and Japanese officials regarding the trade talks taking place between the two countries. Trump stated there was great progress. The rebound in the USD/JPY has also helped to push the EUR/USD and GBP/USD lower ahead of the European opening and lift US equity futures. The USD/JPY is right now at 142.64
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