The dollar rebounded broadly on Thursday following a turbulent session on Wednesday when U.S. President Donald Trump denied reports that he was planning to fire Federal Reserve Chair Jerome Powell.

Unlike the European Union, the Japanese government has made no indication it plans to impose any kind of reciprocal tariff on the U.S., even if the U.S. does move forward with its planned 25% tariffs on all Japanese exports.

Major Pacific countries told by the US to prepare for conflict as regional tensions continue to rise over threat to Taiwan

Japan expressed hope on Tuesday that U.S. President Donald Trump's announcement on a Ukraine arms deal and potential secondary tariffs on Russia would lead to a just and lasting peace between the two countries.

US President Donald Trump attacked the car trade imbalance between the US and Japan again on Sunday, days ahead of a scheduled visit by Treasury Secretary Scott Bessent to the Asian country that could apply further pressure to the minority government.