{"id":120423,"date":"2026-02-23T17:08:24","date_gmt":"2026-02-23T17:08:24","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=120423"},"modified":"2026-02-23T16:10:42","modified_gmt":"2026-02-23T16:10:42","slug":"109990-usd-jpy-yen-rises-on-safe-haven-demand-amid-trump-trade-tariff-chaos","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109990-usd-jpy-yen-rises-on-safe-haven-demand-amid-trump-trade-tariff-chaos\/","title":{"rendered":"USD\/JPY: Yen rises on safe haven demand amid Trump trade tariff chaos"},"content":{"rendered":"<ul>\n<li><strong>The Japanese Yen (JPY) is rising after losses yesterday<\/strong><\/li>\n<li><strong>Japanese CPI cooled to 1.5% YoY<\/strong><\/li>\n<li><strong>The US Dollar (USD) falls against major peers<\/strong><\/li>\n<li><strong>Trump announced 15% global trade tariffs<\/strong><\/li>\n<\/ul>\n<p>The US dollar Japanese yen (<a href=\"https:\/\/currencylive.com\/exchange-rate\/1000-usd-to-jpy-exchange-rate-today\/\">USD\/JPY<\/a>) exchange rate is falling after gains last week. The pair rose 1.55% in the previous week, settling on Friday at 155.07. On Monday at 16:00 UTC, USD\/JPY trades -0.38% at 154.48 and trades in a range of 154.00 to 155.05.<\/p>\n<p>The Japanese yen is rising on safe-haven demand amid uncertainty surrounding U.S. trade tariffs following Trump\u2019s 15% global tariff announcement over the weekend.<\/p>\n<p>However, cooler-than-expected Japanese inflation data at the end of last week is limiting the yen&#8217;s upside.<\/p>\n<p>On Friday, the national consumer price index for January rose 1.5% year on year, down from 2.1% in December. Meanwhile, core national CPI decelerated to 2%, down from 2.4%.<\/p>\n<p>The data support the view that the Bank of Japan does not need to rush to hike interest rates further. Especially if inflation is below the 2% target<\/p>\n<p>This week, Tokyo CPI data is due, and it could show that the CPI lead indicator remains below the 2% level, keeping gains in the yen capped.<\/p>\n<p>The U.S. dollar is falling across the board. The US dollar index, which measures the USD against a basket of currencies, is falling -0.15% on Monday to 97.65 after gains last week.<\/p>\n<p>The US dollar is falling on Monday as investors continue to assess whether developments in U.S. trade policy will significantly alter the balance of payments<\/p>\n<p>On Friday, the US Supreme Court ruled against Trump&#8217;s use of emergency laws to impose reciprocal trade tariffs.<\/p>\n<p>However, over the weekend, President Trump announced an alternative global trade tariff of 15% under Section 122, although he did not say whether these measures would alter current trade deals agreed by the administration.<\/p>\n<p>Looking out across the week, the US economic calendar is relatively quiet, with consumer confidence figures tomorrow and US PPI inflation data on Friday.<\/p>\n<p>The date comes after more hawkish-than-expected FOMC minutes last week and after core PCE rose to 3%.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Japanese Yen (JPY) is rising after losses yesterday Japanese CPI cooled to 1.5% YoY The US Dollar (USD) falls against major peers Trump announced 15% global trade tariffs The US dollar Japanese yen (USD\/JPY) exchange rate is falling after gains last week. The pair rose 1.55% in the previous week, settling on Friday at [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5543,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2675,1381],"tags":[2673,1398,3168],"class_list":["post-120423","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jpy","category-usd","tag-jpy","tag-usd","tag-usd-jpy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/JPY: Yen rises on safe haven demand amid Trump trade tariff chaos - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/109990-usd-jpy-yen-rises-on-safe-haven-demand-amid-trump-trade-tariff-chaos\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109990-usd-jpy-yen-rises-on-safe-haven-demand-amid-trump-trade-tariff-chaos\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109990-usd-jpy-yen-rises-on-safe-haven-demand-amid-trump-trade-tariff-chaos\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/JPY: Yen rises on safe haven demand amid Trump trade tariff chaos\",\"datePublished\":\"2026-02-23T17:08:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109990-usd-jpy-yen-rises-on-safe-haven-demand-amid-trump-trade-tariff-chaos\\\/\"},\"wordCount\":349,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109990-usd-jpy-yen-rises-on-safe-haven-demand-amid-trump-trade-tariff-chaos\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100611-gbp-usd-will-nfp-help-dollar.jpg\",\"keywords\":[\"JPY\",\"usd\",\"usd\\\/jpy\"],\"articleSection\":[\"JPY\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109990-usd-jpy-yen-rises-on-safe-haven-demand-amid-trump-trade-tariff-chaos\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109990-usd-jpy-yen-rises-on-safe-haven-demand-amid-trump-trade-tariff-chaos\\\/\",\"name\":\"USD\\\/JPY: Yen rises on safe haven demand amid Trump trade tariff chaos - 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