Japanese Yen Advances Amid Concerns About Trump's Tariff Threats
26 Novembre 2024 - 3:00PM
RTTF2
The Japanese yen strengthened against other major currencies in
the New York session on Tuesday, as U.S. President-elect Donald
Trump pledged to impose tariffs on all imports from Mexico, Canada
and China on his first day in office, raising fears of a renewed
trade war.
In a post on his social media platform Truth Social, Trump said
he would impose a 25 percent tariff on all products from Mexico and
Canada on his first day in office, blaming the countries for the
influx of illegal immigrants and illicit drugs into the U.S.
"This Tariff will remain in effect until such time as Drugs, in
particular Fentanyl, and all Illegal Aliens stop this Invasion of
our Country!" Trump said.
Trump said in a subsequent post that he would also impose an
additional 10 percent tariff on Chinese products, claiming the
country has not done enough to stop the "massive amounts of drugs,
in particular Fentanyl, being sent into the United States."
The yen rose to a 1-1/2-month high of 192.12 against the pound
and 4-day highs of 160.38 against the euro and 172.58 against the
Swiss franc, from early lows of 193.89, 162.01 and 174.02,
respectively. The currency is poised to challenge resistance around
188.00 against the pound, 156.00 against the euro and 168.00
against the franc.
The yen climbed to a 1-1/2-month high of 98.89 against the
aussie and more than a 2-month high of 89.19 against the kiwi, from
early lows of 100.32 and 90.19, respectively. The next possible
resistance for the yen is seen around 96.00 against the aussie and
86.00 against the kiwi.
The yen rose back against the greenback and the loonie and was
trading at 153.39 and 108.88, respectively. This may be compared to
an early fresh 2-week high of 152.97 and a fresh 5-week high of
108.57, respectively. Immediate resistance for the currency is seen
around 151.00 against the greenback and 106.00 against the
loonie.
Grafico Cross US Dollar vs Yen (FX:USDJPY)
Da Nov 2024 a Dic 2024
Grafico Cross US Dollar vs Yen (FX:USDJPY)
Da Dic 2023 a Dic 2024
