#usdjpy slumps to near 148.40 as traders have become increasingly confident that the Fed could cut interest rates in the June meeting
US President Trump confirmed 25% tariffs on Canada and Mexico and 10% on China.
The BoJ is expected to raise interest rates further this year.
The USD/JPY pair posts a fresh almost five-month low near 148.40 in North American trading hours on Tuesday. The asset slumps as the US Dollar (USD) weakens amid escalating #FederalReserve (Fed) dovish bets. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, slumps to near 106.00, the lowest level seen in almost three months.
