Reuters: Yen holds gains vs US dollar as markets brace for reciprocal tariffs

"Today's numbers provide more evidence of the stagflationary forces building within the American economy, threatening to put the Federal Reserve in a straitjacket amid one of the biggest economic policy disruptions in generations," said Karl Schamotta, chief market strategist, Corpay Reuters: Yen holds gains vs US dollar as markets brace for reciprocal tariffs