Yen Strengthens Amid Growing U.S. Recession Fears
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The announced 90-day pause on all of the April 2 tariffs announcements beyond the 10% baseline rate excluding on China has “done little to alleviate concerns the U.S. may be heading into recession,” Ray Attrill of National Australia Bank said. The yen was up 1.2% at 142.69 to the dollar in recent trading. “Amid the return of risk-off sentiment, support for the USD [U.S. dollar] is nowhere to be seen,” the head of FX Research added.
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