日本是特朗普是否愿意达成妥协的第一个关键试金石。日本经济大臣赤泽龙成将于今天晚些时候与特朗普本人以及贝森特和卢特尼克会面。作为提醒，在上周暂停之前，日本最初被征收了24%的关税，但他们仍需缴纳与之分开的25%的汽车关税。

Japan the first key litmus test on Trump's willingness to strike a compromise.Japan economy minister, Ryosei Akazawa, will be meeting with Trump himself alongside Bessent and Lutnick later today. As a reminder, Japan was slapped with 24% tariffs initially prior to the pause last week and they are still subject to the 25% auto tariffs separate to that.

美元疲软推动势头，日元飙升。美元普遍疲软推动日元升值。随着对美国拟议新关税的经济影响的担忧加剧，美元面临抛售压力。

Japanese Yen Surges as Weak US Dollar Fuels Momentum.The Japanese yen's appreciation is being propelled by broad-based US dollar softness. The greenback faced selling pressure as concerns grew over the economic fallout from proposed new US tariffs.

欧元/日元：出乎意料地稳定——荷兰国际集团。尽管全球股市有所波动，但受美元抛售和欧洲和日本资金回流的推动，欧元/日元正在偏离其通常的相关性。ING外汇分析师Francesco Pesole和Chris Turner指出，由于日元被视为被低估，日本央行倾向鹰派，该货币对在短期内具有下行倾向。

EUR/JPY: Surprisingly steady – ING.Despite global equity market moves, EUR/JPY is diverging from its usual correlations, driven by a dollar sell-off and repatriation flows from Europe and Japan. With the yen seen as more undervalued and the BoJ leaning hawkish, the pair carries a downside bias in the near term, ING's FX analysts Francesco Pesole and Chris Turner note.

由于关税紧张，美元/日元面临压力——华侨银行。由于关税紧张，美元/日元面临压力——华侨银行

USD/JPY under pressure amid tariff jitters – OCBC.USD/JPY under pressure amid tariff jitters – OCBC