The USD/JPY currency pair slipped 0.12% during the European trading session on Monday, hovering near the 157.85 level. This decline is attributed to a broader underperformance of the US Dollar (USD), following the recent announcement of tariffs by the United States on select European Union (EU) nations and the United Kingdom (UK). The increased market uncertainty has pressured the exchange rate further.
Adding to the market dynamics, Japanese Economy Minister Shigeaki Takaichi has called for a snap election, which may influence investor sentiment towards the Japanese Yen (JPY). As traders assess the implications of both US tariffs and political developments in Japan, the USD/JPY pair remains vulnerable to further fluctuations.
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Data Source: FX Killer Analysis Team Updated: 2026-01-19 11:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.