The dollar hovered near more than a two-week high against the yen on Wednesday as U.S. President Donald Trump announced tariffs on seven countries, after earlier this week imposing 25% tariffs on Japan and other trade partners beginning in August.

The U.S. dollar strengthened against key global currencies as President Trump announced new tariffs on Canada and other nations. While markets reacted calmly, uncertainty loomed over trade policies. Attractive labor data and upcoming crypto legislation also added to the dollar’s gains,

The U.S. dollar extended gains against the yen for a third consecutive day on Wednesday, boosted by rising U.S. yields and renewed trade tensions. President Donald Trump announced 25% tariffs on Japan and other nations,