The world will be attentive to commercial conversations between Japan and the US that will begin in Washington on Thursday. Japan is the first important country that has conversations with the Trump administration from the speech about tariffs in the Rosas Garden on April 2, says FX analyst from Rabobank, Jane Foley.
Possibility of setbacks at the USD/JPY in the coming weeks
“While Trump delayed his reciprocal tariffs last week for most countries above the base level of 10% for ninety days, Prime Minister Ishiba has told the Japanese Parliament that ‘he does not agree that we should make large concessions for the good of quickly concluding the negotiations.’ Press reports indicate that Japan will not use its great holdings of the US treasury bonds negotiation. “
“That said, Japan has a relatively strong hand when entering the conversations. It can also make it clear that it has no problem with the moderate strengthening of the JPY. We started the year with the opinion that the JPY had a good opportunity to be the G10 currency with the best performance in 2025. It currently occupies the fourth position after the SEK, CHF and the Eur.”
“However, although there is room for setbacks in the USD/JPY in the coming weeks in favor of the USD, we are still optimistic about JPY’s ability to recover the leadership position within the G10 universe this year. The USD/JPY has overcome our end of the year of 145 and we will be looking to review this prognosis in the coming weeks.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
