关税威胁在NFP数据公布前刺激日元反弹。随着距离4月2日越来越近，市场经历了另一个动荡的交易日——美国上周宣布对汽车进口实施互惠关税和25%关税的日子。这一消息帮助金价创下新高，逼近每盎司3100美元，但也刺激了日元反弹，因为避险货币停滞或扭转了疲软趋势。

Tariff Threat Spurs A JPY Rally Ahead Of NFP Data.Markets experienced another volatile trading day as they inch closer to April 2—the day the U.S. implements reciprocal tariffs and a 25% tariff on automobile imports announced last week. The news helped push gold toward new highs, inching closer to $3,100 per ounce, but it also spurred a JPY rally, as the safe-haven currency stalled or reversed the weakening trend.

美元/日元目前交易价格约为149.00–BBH。BBH外汇分析师报告称，由于风险厌恶情绪加剧和美日债券收益率差收窄，美元/日元跌至149.00以下的多日低点，但有所回升，超过了这一门槛。

USD/JPY is trading around 149.00 for now – BBH.USD/JPY was down at a multi-day low under 149.00 on heighted risk aversion and narrower US-Japan bond yield spreads, but it somewhat recovered above that hurdle, BBH's FX analysts report.

美元/日元：回调正在形成——法国兴业银行。法国兴业银行外汇分析师报告称，美元/日元反弹在50-DMA和200-DMA的汇合点附近逐渐消失，为151.30/151.60。

USD/JPY: A pullback is taking shape – Societe Generale.USD/JPY rebound petered out near the confluence of the 50-DMA and the 200-DMA at 151.30/151.60, Societe Generale's FX analysts report.

为什么日元被全面买入？。上周五，日元全面上涨，密歇根大学的最终调查显示，消费者信心下降幅度超过预期，长期通胀预期被进一步修正。

Why the JPY got bid across the board?.The Japanese Yen rallied across the board last Friday as the final University of Michigan survey showed consumer sentiment slumping more than expected and the long term inflation expectations got revised even higher.