USD/JPY flows: US federal court blocked Trump's tariffs

On early Thursday, we are hearing that a US federal court blocked Trump's "Liberation Day" tariffs from going into effect. While the details are not suggesting a through no tariffs for Trump, it has limited significantly the area Trump's tariff could land. Market seems to be happy for the news despite Trump is guaranteed to appeal.

USD/JPY is trading 0.66% higher at 145.76.