Trump reciprocal tariffs spur yen rally, but how long will it last?

Trade salvo casts doubts over continued decline in Japan-U.S. yield spread

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The yen has touched its strongest point in six months. Some analysts say that will not last. © Reuters

SHINICHI ARAKAWA

TOKYO -- Concern about a global economic slowdown from wide-ranging U.S. reciprocal tariffs has led to a rapid appreciation of the yen, though market watchers question the rally's longevity.

The yen touched the mid-145 range against the dollar at one point Thursday, its strongest in six months, compared with around 150 before sweeping tariffs were announced by U.S. President Donald Trump.

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