Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
21 Apr 2025

USD/JPY plummets to near 140.50 as Trump aims Fed Powell’s removal

  • USD/JPY falls sharply to near 140.50 as US President Trump has challenged the “autonomous” status of the Fed.
  • Donald Trump wants Fed Powell to ease monetary policy.
  • The BoJ is expected to continue supporting more interest rate hikes.

The USD/JPY pair falls sharply to near 140.50 during North American trading hours on Monday. The pair cracks after breaking below the previous week’s low of 141.64 and aims to revisit the 21-month low of 139.60. The asset has shown significant weakness due to a sharp downside in the US Dollar (USD).

The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, plunges to near 98.00, the lowest level seen in three years.

Investors dump the US Dollar as United States (US) President Donald Trump has threatened to fire Federal Reserve (Fed) Chair Jerome Powell for not lowering interest rates. Last week, Powell indicated that the economy is allowing us to stay where we are until we get clarity over how the economy will shape the economic outlook.

The Fed really owes it to the American people to get interest rates down. That’s the only thing he’s good for," Trump said. "I am not happy with him. If I want him out of there, he’ll be out real fast, believe me." Trump said on Friday.

The scenario has been seen as a dent in the confidence of Washington in the Fed’s operations, which is an autonomous institution, and has resulted in investors doubting the safe-haven status of the US Dollar.

Meanwhile, the Japanese Yen (JPY) outperforms as its safe-haven demand has increased due to heightened global economic uncertainty amid an absence of clarity on Trump’s tariff policies, even though Trump has announced a 90-day pause in the execution of reciprocal tariffs.

Financial market participants are anticipating that Trump’s international policies will force central banks to shift to an “accommodative” stance across the globe. However, the Bank of Japan (BoJ) is expected to continue supporting interest rate hikes, a report from Reuters indicated. The agency reported that higher risks from higher US tariffs won’t derail a cycle of rising wages and inflation seen as crucial to keep raising interest rates.

 

Related news

  • Japanese Yen seems poised to appreciate further against weaker USD amid trade woes
  • Japanese Yen seems poised to appreciate further against weaker USD amid trade woes
  • Markets consumed with 'sell America' theme [Video]


Apr 21, 2025

JPY up 1% with markets focused on trade talks April 24 – Scotiabank

Japanese Yen (JPY) is up an impressive 1.0% against the US Dollar (USD) but a mid-performer among the G10 currencies in an environment of material USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Read more Previous
Apr 21, 2025

US Pres. Trump: Preemptive cuts in interest rates are being called for by many

In a post published on Truth Social on Monday, US President Donald Trump voiced his criticism over the Federal Reserve's (Fed) monetary policy and accused Fed Chairman Jerome Powell of lowering interest rates in late 2024 for political purposes.
Read more Next