USD/JPY falls on uncertainty over US-China trade, safe-haven demand boosts JPY

From Investing.com: 2025-04-24 06:27:00

The US-China trade de-escalation is uncertain, impacting the USD/JPY which fell as optimism fades. The US composite PMI hit a 16-month low due to Trump’s tariff policies. The USD recovered slightly as Trump softened his stance on China, but doubts remain. The DAX is facing resistance after a recovery, with Adidas rising 1.9% on upbeat earnings. The German IFO business climate surpassed forecasts, indicating some stability amid trade uncertainty. The USD remains sensitive to tariff headlines, with JPY benefiting from safe-haven demand. The DAX continues to climb, with resistance at 21,900 and support at 21,500.



Read more at Investing.com: USD/JPY Slips as Safe Havens Regain Shine Amid Tariff Jitters