The US Dollar is down against the Japanese Yen in the European trading session, trading below 146.30 levels.
The USD/JPY currency pair is retreating in the European session, as US President Trump has put a 90-day pause on tariff implementation for most countries, creating negative pressure for the dollar. In Japan PPI data for March came out with data higher than expected (4.2% expected vs 3.9% realised). In the US, CPI Inflation data for March (2.5% exp) and US Initial Jobless Claims (223k exp) will be posted (13:30 GMT+1).
