The Japanese yen strengthened toward 154 per dollar on Monday, recouping losses from last week as the dollar after fresh tariff threats from US President Donald Trump undermined confidence in the greenback. Trump announced a 15% global levy after the US Supreme Court rejected his sweeping reciprocal tariffs. The development fueled concerns that trade agreements between the US and its partners could unravel, although senior US officials maintained that existing deals would remain intact. In Japan, Prime Minister Sanae Takaichi moved to calm markets after her expansionary spending agenda unsettled investors, outlining what she described as a “responsible and proactive” fiscal strategy aimed at balancing capital investment with fiscal discipline. She underscored the importance of supporting investment in areas such as economic security, agriculture, energy and healthcare. Trading volumes are expected to stay subdued amid a public holiday in Japan.
