The yen fell broadly on Tuesday while the dollar held steady as U.S. President Donald Trump unveiled 25% tariffs on goods from Japan and South Korea in the latest development of his chaotic trade war.

The U.S. dollar is notching its strongest one-day gain against the Japanese yen in nearly two months as traders react to President Donald Trump's sweeping new tariffs targeting multiple U.S. trading partners.

The yen fell on Tuesday as U.S. President Trump announced 25% tariffs on Japanese and South Korean goods, rattling markets. These tariffs, set for August, sent the yen and won downward. Investors face uncertainty amid trade discussions,