# Yen gains as traders await clarity on U.S. tariffs

> The Japanese yen rose on Monday to 149.96 per U.S. dollar as traders stayed cautious ahead of new reciprocal tariffs the White House planned to announce. Gold hit a record above $3,128 per ounce as investors shunned risk assets.

- Date: 2025-03-31 · published 2025-03-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/25816-yen-gains-as-traders-await-clarity-on-u-s-tariffs
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Tariff uncertainty and safe-haven flows weaken risk appetite and the dollar outlook, which can influence export competitiveness and commodity pricing in dollar terms, with limited direct effect on feed grain prices.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-10-21 | [Dollar dips as traders wait on Fed; Aussie gains By Reuters](https://feedsoft.ai/events/650-dollar-dips-as-traders-wait-on-fed-aussie-gains-by-reuters.md) | +0.5% | — |
| DXY | 2023-12-28 | [Dollar falls against yen, gains on euro in choppy trading](https://feedsoft.ai/events/32900-dollar-falls-against-yen-gains-on-euro-in-choppy-trading.md) | +1.0% | +1.8% |
| DXY | 2025-03-31 | [Yen holds gains vs US dollar ahead of tariff announcement](https://feedsoft.ai/events/25370-yen-holds-gains-vs-us-dollar-ahead-of-tariff-announcement.md) | -0.5% | -2.8% |
| DXY | 2025-11-25 | [US dollar slumps as data backs Fed rate cut view; traders on yen alert \| Reuters](https://feedsoft.ai/events/21876-us-dollar-slumps-as-data-backs-fed-rate-cut-view-traders-on-yen-alert-reuters.md) | -0.6% | -1.8% |
| DXY | 2021-08-31 | [US dollar at 3-week lows as traders await tapering clues - The Business Times](https://feedsoft.ai/events/45754-us-dollar-at-3-week-lows-as-traders-await-tapering-clues-the-business-times.md) | -0.2% | +0.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2025/03/31/pound-steadies-against-dollar-as-us-trade-tariffs-loom.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.