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Japanese Yen retains bullish bias against USD amid heightened safe-haven demand
Japanese Yen retains bullish bias against USD amid heightened safe-haven demand
The Japanese Yen (JPY) jumped to a three-week top against its American counterpart during the Asian session on Thursday after US President Donald Trump imposed sweeping trade tariffs.
USDJPY
TradeWar
RiskAversion
BOJ
SEO
Bullish
Japan Trade Minister Muto has spoken with US Commerce Secretary Lutnick
Japan Trade Minister Muto has spoken with US Commerce Secretary Lutnick
Will ask US strongly to exempt Japan from tariff measures
China's Commerce Ministry says will take countermeasures on Trump's tariffs
China's Commerce Ministry says will take countermeasures on Trump's tariffs
China MofComm china s China MofComm 'firmly opposes' the tariffs
AUD/USD remains weak below 0.6300 despite upbeat Chinese PMI data
AUD/USD remains weak below 0.6300 despite upbeat Chinese PMI data
The AUD/USD pair remains under selling pressure around 0.6280 during the early Asian session on Thursday.
AUDUSD
Majors
Macroeconomics
China
PMI
China’s Caixin Services PMI rises to 51.9 in March vs. 51.6 expected
China’s Caixin Services PMI rises to 51.9 in March vs. 51.6 expected
China's Services Purchasing Managers' Index (PMI) rose to 51.9 in March from 51.4 in February, the latest data published by Caixin showed Thursday.
China
EconomicIndicator
AUDUSD
PMI
China Caixin Services PMI for March  2025 is 51.9 (prior 51.4)
China Caixin Services PMI for March 2025 is 51.9 (prior 51.4)
The median estimate was 51.5
CNY
China Stock Market
China
CNH
RBA FSR: US tariffs could have a chilling effect on business investment and consumer spending
RBA FSR: US tariffs could have a chilling effect on business investment and consumer spending
In its Financial Stability Review (FSR) published on Thursday, the Reserve Bank of Australia (RBA) warned that the US “tariffs could have a chilling effect on business investment and consumer spending.”
RBA
TradeWar
CentralBanks
AUDUSD
US Treasury Sec. Bessent warns other countries not to retaliate against US tariffs
US Treasury Sec. Bessent warns other countries not to retaliate against US tariffs
US Treasury Secretary Scott Bessent late Wednesday warned trading partners that any retaliation to the barrage of new tariffs from the White House would only result in further escalation.
UnitedStates
TradeWar
Macroeconomics
PBOC sets USD/CNY reference rate at 7.1889 vs. 7.1793 previous
PBOC sets USD/CNY reference rate at 7.1889 vs. 7.1793 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1889 as compared to the previous day's fix of 7.1793 and 7.2532 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
JP Morgan say Trump tariffs the largest tax increase since 1968 , US recession risk higher
JP Morgan say Trump tariffs the largest tax increase since 1968 , US recession risk higher
JPMorgan warns tariffs could tip US economy toward recession
Bonds
SPX
USD
Australia’s Trade Surplus decreases to 2,968M MoM in February vs. 5,600M expected
Australia’s Trade Surplus decreases to 2,968M MoM in February vs. 5,600M expected
Australia’s trade surplus decreased to 2,968M MoM in February versus 5,600M expected and 5,156M (revised from 5,620M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.
Australia
TradeBalance
Macroeconomics
NZD/USD remains under selling pressure below 0.5750 on new Trump tariffs
NZD/USD remains under selling pressure below 0.5750 on new Trump tariffs
The NZD/USD pair faces some selling pressure to near 0.5730 during the early Asian session on Thursday.
NZDUSD
Majors
Macroeconomics
TradeWar
Deutsche Bank: there will be a straight-forward FX adjustment. Watch China's next move
Deutsche Bank: there will be a straight-forward FX adjustment. Watch China's next move
Deutsche Bank on what the tariffs mean in the FX market and their focus on China
EUR/USD pares post-tariff gains, but maintains bullish stance
EUR/USD pares post-tariff gains, but maintains bullish stance
On Wednesday, the EUR/USD pair saw a bullish surge after the Trump administration announced tariffs that turned out to be less severe than many investors had anticipated, given President Donald Trump’s barrage of tariff threats over the last 72 days.
EURUSD
TradeWar
Politics
Bullish
USD/CAD attracts some buyers above 1.4250 as Trump unveils tariff plans
USD/CAD attracts some buyers above 1.4250 as Trump unveils tariff plans
The USD/CAD pair attracts some buyers to near 1.4275, snapping the two-day losing streak during the late American session on Thursday.
USDCAD
Majors
Macroeconomics
Economic calendar in Asia Thursday, April 3, 2025 - China Caixin services PMI
Economic calendar in Asia Thursday, April 3, 2025 - China Caixin services PMI
Asian Economic Calendar: Key Events and Consensus Expectations for 03 April 2025
economic calendar
GBP/USD rises to test new highs, absorbs Trump tariffs in stride
GBP/USD rises to test new highs, absorbs Trump tariffs in stride
GBP/USD stepped into fresh bids at six-month highs on Wednesday after the Trump administration unveiled tariffs that overall came in better than many investors had feared based on President Donald Trump’s cavalcade of tariff threats since taking up residence in the White House 72 days ago.
GBPUSD
TradeWar
Politics
Canada PM Carney: We will impose counter measures on the United States
Canada PM Carney: We will impose counter measures on the United States
Canadian Prime Minister Mark Carney said on Wednesday that the country will fight US President Donald Trump's tariffs with countermeasures, per Reuters.
Canada
UnitedStates
Macroeconomics
Fitch calculates US tariff rate on all imports is now 22%, up from 2.5% in 2024
Fitch calculates US tariff rate on all imports is now 22%, up from 2.5% in 2024
Trump's tariff trade war quantified by analysts at Fitch
Bonds
Politics
SPX
USD
US stock market slammed lower after Trump's trade war tariff announcement
US stock market slammed lower after Trump's trade war tariff announcement
Emini spx500 on Globex are down more than 3%, Nasdaq eminis down more than 4%
Yen a big, big winner on Trump's tariff trade war announcement
Yen a big, big winner on Trump's tariff trade war announcement
Plenty of losers, but lets get optimistic for a change!
Trump slams China with a 54% tariff rate
Trump slams China with a 54% tariff rate
Trump trade war news now, global recession news to follow
CNY
China Stock Market
China
CNH
Canadian dollar jumps as Canada exempted from new US tariffs
Canadian dollar jumps as Canada exempted from new US tariffs
Canada and Mexico will continue to be subject to USMCA tariffs
AUD/USD below 0.6300 after Trump's announcements
AUD/USD below 0.6300 after Trump's announcements
On Wednesday's American session, the Australian Dollar pulled back after a brief spike to multi-day highs, with the AUD/USD pair slipping back under the 0.6300 threshold.
AUDUSD
Majors
TradeWar
Here's the full list tariff war declaration
Here's the full list tariff war declaration
Trump's imposes massive tariffs
Bonds
SPX
USD