USD/JPY is back above 147.00

News
Eamonn Sheridan
11/07/2025 | 02:59 GMT
  • Yen weakness accelerated today on the tariff news, and it hasn't recovered

I posted earlier on the recovery /retracement for major FX against the USD after the CAD tariff news:

  • USD surge after Trump's 35% tariff hit on Canada is retracing

While that has stalled, it never even began for JPY. Its weakened consistently. There has been no news nor data for yen today apart from what has already been posted.

usdyen 11 July 2025 cad tariffs 35 2
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  • FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
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  • Morgan Stanley: Trump tariff threat poses limited broad risk to Europe stocks
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  • China keeps LPRs unchanged, signalling patience on broad easing - further detail
  • PBOC sets USD/ CNY central rate at 7.0006 (vs. estimate at 6.9576)
  • PBOC set 5- and 1-year LPR rates unchanged, 3.5% and 3.0% respectively. As expected.
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