Yen a big, big winner on Trump’s tariff trade war announcement

The stand out winner across major FX is JPY.

USD/JPY is down more than 150 points from earlier highs, dropping under 148.80 as I update.

Yen crosses tracing out the same sort of pattern (EUR/JPY is circa 161.00 … massive slump).

Yen loving the chaos, standing out as a ‘safe haven’. Sheesh …!

This article was written by Eamonn Sheridan at www.forexlive.com.