The Japanese Yen (JPY) sticks to its negative bias through the early European session on Tuesday amid worries that US President Donald Trump's trade tariffs could further complicate the Bank of Japan's (BoJ) path to normalising monetary policy.
Adding to this, signs of stability in the global risk sentiment turn out to be another factor that undermines the JPY's safe-haven status and assists the USD/JPY pair to hold steady above the 146.00 round figure.
Meanwhile, concerns about the economic impact of Trump's tariffs and geopolitical risks stemming from fresh conflicts in the Middle East might continue to weigh on investors' sentiment, which, in turn, could limit deeper JPY losses.
Furthermore, US fiscal concerns keep the US Dollar (USD) depressed below a one-week high touched on Monday and contribute to capping the USD/JPY pair, warranting caution before positioning for additional gains.
Source: Fxstreet
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