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Trump Warns of Weak Yen Consequences in US-Japan Summit

Guavy AI Editorial Team
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JPY
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US President Donald Trump expressed concern about Japan's weak yen during a recent summit between the two leaders, according to Japanese Finance Minister Satsuki Katayama. The meeting took place on September 22 at the United Nations General Assembly in New York City.

Katayama revealed that Trump raised concerns about the yen's weakness, citing difficulties for US trade. Prime Minister Sanae Takaichi confirmed Trump's comments and stated that an undervalued yen is problematic.

The US-Japan stance on currency intervention remains unchanged after their joint effort in July to counter excessive volatility and disorderly moves in the yen. The dollar has been rallying against the yen, driven by strong US economic data and surging bond yields.

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