• USD/JPY unchanged in Asia with choppy, headline-driven trading dominating

• Dipped to 151.685 from 152.00 opening as risk sagged on tariff headlines

• Trump raised tariffs on aluminum, steel imports in latest trade war salvo

• Says will do reciprocal tariffs in next 2 days, not worried on retaliation

• Wall Street futures sold on news; S&P E-mini -0.3%, Nasdaq futures -0.4%

• Safe-haven JPY gains fade though as traders tire of tariff talk

• USD recovers to 152.00 as focus turns to Powell's testimony later Tuesday

• Fed Chair's comments on tariffs & inflation key; U.S. CPI Wed pivotal

• Lack of liquidity due to a Japanese holiday Tue may exaggerate moves

• Asia range 151.685-152.06; support 151.50, 151.25, resistance 152.20, 152.50
U.S. steel imports by top 10 countries of origin, 2024 vs 2023:

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