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USD/JPY slides from above 152 as Trump sends out another tariff volley
An earlier update here noted how the USD/JY was steady around the 152 handle. Well, not any more. It seems the dollar just ran into a hefty seller above that 152 handle since that earlier update and that has just seen the USD/JPY slide quite steeply, to set a fresh session low a moment ago, at 151.65. If you look at a chart for the USD/JPY you will see it falling back sharply from near 152.10. The catalyst for this fall has come from a fresh breaking news headline from Trump, stating there will be no exceptions or exemptions from the planned steel and aluminium tariffs. That has unnerved the Japanese markets, as of course Japanese steel is in that mix. The USD/JPY is right now at 151.77
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