The dollar jumped against the Japanese yen in Tokyo as investors saw signs of relief after Trump backed away from threats to fire Federal Reserve Chair Jerome Powell.
The Japanese currency was trading around the 142-yen level against the dollar on Wednesday.
Investors bought back the dollar, as the sense of caution over US monetary policy management eased on Trump's tone shift.
The greenback had hit a fresh 7-month low on Tuesday at the 139-yen level.
Meanwhile, Tokyo's benchmark stock index rose sharply as the yen weakened.
The Nikkei 225 briefly jumped more than 900 points or over 2.6 percent.
That followed overnight gains in New York amid hopes of easing trade tensions between the US and China.
US President Donald Trump told reporters on Tuesday that he would make a deal with the world's second-largest economy.
The Japanese currency was trading around the 142-yen level against the dollar on Wednesday.
Investors bought back the dollar, as the sense of caution over US monetary policy management eased on Trump's tone shift.
The greenback had hit a fresh 7-month low on Tuesday at the 139-yen level.
Meanwhile, Tokyo's benchmark stock index rose sharply as the yen weakened.
The Nikkei 225 briefly jumped more than 900 points or over 2.6 percent.
That followed overnight gains in New York amid hopes of easing trade tensions between the US and China.
US President Donald Trump told reporters on Tuesday that he would make a deal with the world's second-largest economy.
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Summary
Dollar gains versus yen in Tokyo after Trump signals a pause on firing Fed Chair Powell, easing investor concerns over US monetary policy. The Japanese yen was trading around the 142-yen level against the dollar, having earlier hit a 7-month low at 139-yen. This shift in sentiment led to a surge
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ID: 868d5a64-d0d9-4f1b-a32e-690196f3d021
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250423_B4/
Created: 2025/04/23 19:00
Updated: 2025/12/08 04:40
Last Read: 2025/04/24 17:01