Strong Japanese economic data boosts the yen, causing the US dollar to fall back to the 144 level against the yen.

On Friday, the Japanese yen against the US dollar rebounded to the 144 level, recovering the previous day's losses. Stronger-than-expected economic data reinforced market expectations that the Bank of Japan may shift to a hawkish stance, driving the yen higher. Data shows that Japanese household spending in May increased significantly by 4.7% year-on-year, a significant improvement from the 0.1% decline in April and well above the market's expected increase of 1.2%. This rebound reflects the effectiveness of the Japanese government's policies to stimulate domestic consumption. The yen also received support from the weakness of the US dollar. Trump announced that he would issue a statement on trade affairs, possibly unilaterally setting tariff rates, which raised concerns in the market. Previously, Trump had threatened to impose a 35% tariff on Japanese goods, citing insufficient purchases of American rice and cars.