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JPY news from all over the world Japan Yen news and articles from around the globe. Get the latest news and information about the Japanese Yen and its role in the global economy. Learn about the Japanese Yen's history, current exchange rates, and its importance in the world financial markets. Find out how the Japanese Yen is impacting the world economy and how it affects businesses, investors, and governments. Read analysis and reports from experts on the Japanese Yen and its various impacts.
Risk aversion erupted across Asian markets today, with Japan bearing the brunt of the selloff. Nikkei plummeted by nearly than -4%, marking its worst day in months and sending the index to its lowest level since September last year. The sharp move comes as traders scramble to reassess the impact of US President Donald Trump's 25% tariffs on all automobile imports, which are set to take effect Thursday. Previously, there had been some hope that Japan, a long-standing US ally, might be spared. But with no signs of exemption, the market is now forcefully pricing in the worst-case scenario.