After Pres. Trump. A 25% tariff on all Japanese products sent to the US separate from all Sectoral tariffs, the USD has moved higher. yield are higher and stocks are lower:
- USDJPY has moved to a new session highs as it continues its trend day to the upside. The price is within a swing area between 145.919 and 146.288. The high price just reached 146.08.
- EURUSD: The EURUSD has moved to new lows for the day and in the process moved below the swing low from earlier today at 1.1716 which was also the swing low from last Thursday’s trade. Getting below that level opens the door for key support between 1.1663 and 1.1691. That area was home to swing lows and swing highs going back to 2021, before moving sharply to the downside.
Looking at the US debt market, yields have moved higher:
- 2-year yield 3.888%, +0.6 basis points
- 5 year yield 3.956%, +2.3 basis points.
- 10 year yield 4.385%, +4.5 basis points
- 30 year yield 4.922%, +6.6 basis points.
Looking at the major US indices:
- Dow is down -464.0-1.04% at 44363
- S&P is down -50.58 points or -0.81% at 6227.91
- NASDAQ index minus 172.60.0 -0.84% at 20428
The small-cap Russell 2000 is the hardest hit today with a decline of -31.44 points or -1.40% at 2217.52.
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decision-making for investors and traders alike.
