Japanese Yen gains ground on Trump’s Hormuz pause, intervention caution

The USD/JPY pair softened following Trump’s announcement of a pause in the operation supporting ships through the Strait of Hormuz, leading to caution among traders. Japan indicated it could intervene to curb speculative currency movements, while awaiting the US April ADP Employment Change report. Market sentiment is influenced by the potential impact of the report on interest rate expectations and the pair’s next move.