Yen a big, big winner on Trump's tariff trade war announcement

  • Plenty of losers, but lets get optimistic for a change!

The stand out winner across major FX is JPY.

USD/JPY is down more than 150 points from earlier highs, dropping under 148.80 as I update.

Yen crosses tracing out the same sort of pattern (EUR/JPY is circa 161.00 ... massive slump).

Yen loving the chaos, standing out as a 'safe haven'. Sheesh ...!

EURJPY 5 min candles 03 April 2025 2

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