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Japanese Yen languishes near four-decade low vs USD on wide rate gap

The USD/JPY pair sticks to a bullish bias for the second consecutive day and trades around the 162.30 region during the first half of the European session, near a four-decade high touched earlier this Tuesday.The Japanese Yen (JPY) continues with its relative underperformance in the wake of a wide interest rate differential between Japan and other major economies, including the US. In fact, the Bank of Japan (BoJ) raised policy rates to 1% – the…

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Trump pauses tariffs on Moroccan phosphate fertilizer imports

President Donald Trump on Monday declared an emergency aimed at protecting the U.S. food supply and temporarily suspended import duties on certain Moroccan fertilizer products. Under the presidential emergency declaration, phosphate fertilizer imported from Morocco will no longer face tariffs for up to eight months or until the emergency declaration…

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