The USD/JPY pair surged to 147.42 on Monday as traders closely monitor US tariff policy effects. Earlier in the session, the yen attempted a partial recovery from last week’s setbacks amidst rising global trade concerns. However, this rebound was short-lived as the currency returned to its downtrend. The market reaction reflects growing apprehension regarding trade relationships, particularly whether US tariffs will impact the Japanese economy. As uncertainty mounts, investors remain cautious about entering new positions until there are clearer signs regarding trade negotiations and economic stability.