In the foreign exchange market for the week that ended on April 20th, heightened uncertainty over the Trump tariffs continued to make the market nervous. The USDJPY, which plummeted in the previous week, hovered around that week's bottom as it failed to show a clear direction throughout the week.

In the foreign exchange market for the week that ended on April 13th, the Trump administration's tariff policy threw the entire market into turmoil. While traders were very nervous about the tariff news, the dollar weakened against other major currencies.

Following the Trump administration's "reciprocal tariffs" policy, traders reinforced their risk-off stance to sell the dollar and buy the yen in the foreign exchange market of the week that ended on April 6th. The announcement of countermeasures by the Chinese government on April 4th, in particular, added to the market's uncertainty.