The Japanese Yen (JPY) moved lower during the Asian session on Tuesday (4/15), which, along with a modest uptick in the US Dollar (USD), lifted the USD/JPY pair closer to the mid-143.00s. US President Donald Trump's suspension of tariffs on major consumer electronics and hints that he may temporarily exempt the auto industry from the 25% levy remained supportive of the upbeat market mood. This, in turn, was seen denting demand for traditional safe-haven assets, including the JPY.

However, the rapidly escalating US-China trade war and persistent concerns about the potential economic impact of Trump's disruptive tariffs should limit market optimism. Meanwhile, expectations that the Bank of Japan (BOJ) will continue to raise interest rates mark a major contrast compared to bets for more aggressive policy easing by the Federal Reserve (Fed). This, along with hopes of a US-Japan trade deal, should limit losses in the lower-yielding JPY.(Newsmaker23)

Source: FXstreet