USD/JPY flows: Report that Nvidia, AMD to pay 15% export tax to US

Over the weekend, it is reported that Nvidia, AMD to pay 15% export tax to U.S. government. It is part of a deal to grant them export license to China, the 15% revenue tax will be mostly of Nvidia's H2O and AMD's MI308 chip. The news gave a poor start for U.S. tech equities and see USD jumped higher in early Asia.

USD/JPY opened 15 pips lower at 147.54 before trading close to unchanged at 147.7.