USD/JPY has steadied after its earlier leap above 146.20 ...Middle East

ICYMI:

A US federal court blocked Trump's "Liberation Day" tariffs from going into effectUSD higher after US court says Trump doesn't have 'Liberation Day' tariff authorityTrump's tariffs blocked - what we knowThe US dollar is continuing to rocket higher on the tariff-block news

Trump has a number of avenues of appeal open - here's oneTrump has appealed against the court ruling blocking tariffs

The USD surged on the news, most notably against 'safe haven' FX such as yen and CHF. Highs were around

146.28 for USD/JPY and 0.8348 for USD/CHF

Both have retraced a little, as have other FX. EUR/USD hit lows around 1.1212 and is around 1.1245 or so as I post.

This article was written by Eamonn Sheridan at www.forexlive.com.

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