Most major FX was slammed lower in the wake of Trump’s announcement of massive increases in tariffs.
The moves have been pretty much retraced, FX recovering. EUR has done more than recover, its up above 1.09 as I update.
USD/JPY, though, lost ground from above 150.25 (early highs) to below 148.00 and that has continued. USD/JPY has hit lows 147.60 as the flight into yen carried through.
USD/JPY update:
