The US Dollar is down against the Japanese Yen in the European trading session, trading below 146.60 levels.
The USD/JPY currency pair is retreating in the European session, reaching a six months low, following new tariffs implemented by the US administration. In Japan, au Jibun Bank Services PMI for March was released with data higher than expected (50.0 realised vs 49.5 expected). In the US, Initial Jobless Claims data (225k exp) will be posted (13:30 GMT+1), S&P Global Service figures PMI for March (54.3 exp) will be posted (14:45 GMT+1) and ISM Non-Manufacturing PMI for March (53.9 last month) will be released (15:00 GMT+1).