• USD/JPY well supported in early Asia after recovering lost ground on Tuesday

• Holds above 149.00 despite declining U.S. yields and April 2 tariffs anxiety

• Trump will go ahead with tariffs as nervous world awaits trade war

• White House Rose Garden announcement scheduled for 4 p.m. Eastern Time Wed

• USD upside limited as U.S. economy weakens, recession fears rise

• Resistance 150.25-30, 150.60-70, support 149.25-30, 149.00-10

• Tuesday range 148.98-150.13; Asia Wednesday range 149.64-149.89
Top countries from which US imported passenger cars the most in 2024:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)