Published: 2026-02-03T02:38:55.000Z
USD/JPY flows: Risk mood improves
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US cuts tariffs on India to 18% as New Delhi agrees to end Russian oil purchases
The broader risk mood further improves on Tuesday as we heard from Trump that U.S. will cut tariffs on India to 18% as New Delhi agrees to end Russian oil purchases. The risk mood has already improved overnight and is seeing further momentum in Asia. It looks like the fear shock is out of the picture for now and market participants are rushing in again.
USD/JPY is trading 0.11% lower at 155.42, a haircut from the continuous verbal intervention effort from Japanese officials.