The US Dollar is down against the Japanese Yen in the European trading session, trading below 149.70 levels.
The USD/JPY currency pair is retreating in the European session following announcements that China, South Korea and Japan will make a trade alliance to counter US tariffs. In Japan, Monetary Base for March was released with data lower than expected (-3.2% realised vs -1.5% forecasted). In the US, ADP for March (118k exp) will be posted (13:15 GMT+1) and President Trump will speak (on reciprocal tariffs etc) at (20:00 GMT+1).