USDJPY Extends Downside, Trump's 50% EU Tariff Threat Weakens Dollar Sentiment

  • The US dollar continues to lose ground against the Japanese yen, with investors selling the greenback on elevated fears over the trajectory of the US economy. The USDJPY currency pair was down by 0.9% at the opening of the New York session- its largest daily drop in nearly a month to trade at 142.58 at the time of writing.