USD/JPY is now up 20 pips on the day to 98.45 after falling as low as 97.50. The latest political news is helping the pair (see the previous post).
There are offers at 98.50.
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USD/JPY climbs to fresh highs
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- BOE policymaker Breeden says no need to rush in taking next policy step
- JP Morgan maintains $6,000 gold target as 2H26 demand seen picking up pace
- investingLive Asia-Pacific FX news wrap: Rising oil, yields, war stress weigh on markets
- China April data misses badly, Iran war and weak demand weigh. Retail sales growth plunge.
- China April Retail Sales +0.2% y/y (exp 2%) & Industrial Prduction +4.1% y/y (exp 5.9%)
- Iran war economic toll deepens as global oil stocks near exhaustion
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