U.S. Dollar Pulls Back Ahead Of Tariff Announcement: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.The American currency is losing ground despite rising Treasury yields.
USDJPY Up As The Yen Faces Mounting Pressure On US Trade Barriers.USDJPY is in a tag of war between the bearish undertones around US economic recession and impact of trade tariffs on Japan's dollar inflows.
USD/JPY: Pressure Lower Boundary of Near-Term Range Ahead of Tariff Announcement.USDJPY remains at the back foot on Wednesday and dips further below 150 level, which reverted to solid resistance (three consecutive attacks stalled here).
USD/JPY trades cautiously around 149.50 with Trump's tariffs on the horizon.The USD/JPY pair trades with caution around 149.50 during North American trading hours on Wednesday. The pair remains on tenterhooks as investors await the announcement of planned reciprocal tariffs by United States (US) President Donald Trump at 20:00 GMT.