USD/JPY Sets for Short-Term Rebound Amid Tariff Concerns
The USD/JPY exchange rate continues to rise, aligning with our cautious stance on market movements. Recent data and Bank of Japan policy updates take a backseat as traders shift their focus to upcoming tariff announcements from Trump on April 2. Market sentiment surrounding these tariffs could dictate trends in the USD/JPY pair, showcasing traders’ readiness to adapt to evolving economic landscapes. As USD/JPY seeks a rebound, it remains essential for investors to monitor geopolitical developments closely impacting currency valuations.