25 June
Yen rises after US-Japan 15% tariff deal — Bloomberg
The yen gained 0.3% against the dollar before quickly retreating following US President Donald Trump’s announcement of 15% tariffs on Japanese imports, Bloomberg reports.
On Wednesday’s open, the yen traded at 146.604. Meanwhile, Japanese government bond value fell 70 ticks to 137.90, while the 30-year yield climbed 4 basis points to 3.12%.
Carol Kong, strategist at Commonwealth Bank of Australia, noted that the yen’s brief rally reflects market optimism about the 15% tariff rate. She added that investor focus may now shift to Japan’s fiscal outlook.
The move comes after Trump’s earlier threat to impose 25% tariffs on Japanese imports in early July, a factor that, along with Japan’s upper house elections, had previously pressured the yen.
Recommended
26 June
26 June
26 June
26 June
26 June
Top news
25 June
25 June
23 June
18 June