The Japanese Yen (JPY) attracts heavy selling during the Asian session on Thursday in reaction to the news that a US federal court blocked President Donald Trump's "Liberation Day" tariffs from going into effect.
The Federal Reserve's (Fed) latest Meeting Minutes from the Federal Open Market Committee's (FOMC) rate meeting on May 6-7 revealed that the Fed's wait-and-see approach has deep roots.
The USD/JPY pair gives back its initial gains and falls to near 144.20 during European trading hours on Wednesday. The asset faces pressure as the US Dollar (USD) struggles to extend Tuesday’s strong recovery move.