Yen Declines as Trump Announces Tariffs on Japan

Reported about 15 hours ago

The yen weakened sharply following President Trump's announcement of 25% tariffs on Japanese and South Korean goods set to begin August 1. While the yen stabilized against the dollar, it fell against other currencies, and the Australian dollar surged after the Reserve Bank of Australia held interest rates steady, defying market expectations. Uncertainty over the tariffs and ongoing global economic implications keep investors on edge.

Source: YAHOO

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