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The US dollar held steady despite President Trump’s announcement of 30% tariffs on EU and Mexican imports, as markets anticipate possible policy reversals and remain largely unmoved by repeated tariff threats. Key currency pairs showed minimal movement, while Japanese bond yields rose on election uncertainty.
Tokyo stocks show mixed trading ahead of U.S. reciprocal tariffs, with Nikkei rebounding on perception that tariff impact is already priced in, while concerns over inflation and economic cooling persist.