In the late U.S. afternoon, a significant update came regarding tariffs on Mexico and Canada. President Trump confirmed that the tariffs would take effect on March 4. This announcement initially strengthened the U.S. dollar during the Asian morning session. Traders must assess how these developments impact USD/JPY dynamics. Following the announcement, USD/JPY tested 150.30 but retracted back under 150.00. This volatility highlights the importance of staying informed about geopolitical events impacting forex markets. Adaptable trading strategies will be vital in these conditions.