Dollar Maintains Strength Amidst Trade Tensions

Dollar Maintains Strength Amidst Trade Tensions

The dollar remains strong against the yen following U.S. President Trump's pledge of further trade actions after announcing tariffs on Japan and other partners. Despite a recent rise, the dollar index is down since the introduction of 'Liberation Day' tariffs. Japan's negotiations with the U.S. remain unresolved.

US and Japan agreed to continue vigorous talks on tariffs

Japan's trade negotiator Akazawa speaking

Japan seeks trade deal with US as tariffs loom on August 1

Japanese Prime Minister Shigeru Ishiba said on Tuesday that he would continue negotiations with the US to seek a mutually beneficial trade deal, after President Donald Trump announced 25% tariffs on goods from Japan starting August 1. Trump on Monday began notifying trade partners of steep US tariff hikes, but later indicated a willingness to delay implementation if countries made acceptable proposals. The move triggered a broad decline in the y…

Brace for impact: US tariffs loom larger, threatening chaos for camera prices

takasuu / iStock / Getty Images Plus via Getty Images US President Donald Trump has signaled his intent to move forward with new tariffs that will go into effect on August 1st, impacting imports from several countries. As reported by the Associated Press, Trump announced the tariffs by posting copies of letters addressed to leaders of several countries, including Japan and Thailand – where many camera and lens manufacturers build products – on s…

GBP/JPY reaches a new annual maximum above 199.00 while the threat of US tariffs weakens - World Stock Market

The GBP/JPY reaches a new annual maximum of 199.48. The tariff threats of the United States against Japan weigh on the Japanese yen. The overcompra signs and wedge resistance suggest a limited rise potential for the short -term GBP/JPY. The sterling pound (GBP) reached a new annual maximum against the Japanese Yen (JPY) on Tuesday, since the tariff threats of the United States (USA.) About Japan weighed on the JPY. At the time of writing, the GB…