USDJPY sustaining on daily support level

USDJPY was down on Tuesday after testing the high level of 154.71 in the last trading session as The Japanese yen remained firm around 154 per dollar on Tuesday, up about half a percent so far this week, as US President-elect Donald Trump threatened additional tariffs on China, Mexico, and Canada, dampening global risk sentiment. The yen also gained support from Trump’s nomination of Scott Bessent as US Treasury Secretary, which provided a sense of stability in the markets and led traders to scale back their "Trump trades."

Recent News

Bullish Momentum Builds as Dow Jones For...

April 25, 2025

Market Insights

Gold struggles to regain momentum on Tru...

April 24, 2025

Market Insights

Gold Glitters But Faces a Moment of Caut...

April 15, 2025

Market Insights

AUDUSD making a wedge pattern

December 23, 2024

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window