Published: 2025-03-06T05:12:05.000Z
USD/JPY flows: Calm tone chills JPY bids

FX Analyst
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USD/JPY recaptured 149 figure
The White House announced a one-month tariff reprieve for auto imports from Mexico and Canada
USD/JPY has recaptured 149 figure as tariff headlines crossing the wire are on the soft side. The White House announced a one-month tariff reprieve for auto imports from Mexico and Canada, which seems to be the catalyst for a calmer tone in the market.
Both the U.S. Treasury and JGB yields are higher in the session, 10yr JGB yields have broke 1.5%. USD/JPY is trading 0.19% higher at 149.13.