Trump's turnabouts on tariffs and currency leave yen adrift

Policy uncertainty spurs speculators to pare long bets

20250527N Trump

U.S. President Donald Trump's moves to impose and then postpone tariffs have put currency markets on edge. © Reuters

FUTOSHI OGURI

TOKYO -- The yen has lacked a clear direction against the dollar since April, as inconsistency from U.S. President Donald Trump's administration on tariffs and exchange rates leaves traders disinclined to commit to a position.

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