The risk aversion wave sweeps through, and the USD/JPY falls below 140.

Jin10 data, April 22 - Amid threats to the independence of The Federal Reserve (FED), increasing risks related to tariffs, and the upcoming meeting of finance ministers from Japan and the United States, the USD/JPY pair fell below the 140 mark. Previously, the yen had temporarily stabilized near the 140 level, as some traders defended their Options positions. On Tuesday, among the G10 currencies, the yen performed the best against the dollar. This trend comes as Trump's trade war has increased demand for safe-haven assets and led to the dumping of U.S. assets. Trump is also considering the possibility of firing FED Chairman Jerome Powell, which further exacerbates the weakness of the dollar. Hideki Shibata, a senior fixed income and forex strategist at the Tokyo Intelligence Lab, stated: "If the yen clearly exceeds the 140 level, or the mid-139 level it reached last September, technical factors will more easily trigger yen buying and dollar selling, thereby accelerating the appreciation of the yen."