Yesterday at 9:03 AM | Other

Japan unlikely to face pressure from US to strengthen yen — Reuters

Japan unlikely to face pressure from US to strengthen yen — Reuters

Japan’s former currency diplomat Masatsugu Asakawa told Reuters the country is unlikely to face pressure from the United States to strengthen the yen

President Donald Trump’s focus on the US trade deficit and his comments about the deliberate weakening of the yen have fueled speculation that Japan could be pressured to adjust its currency's value. That would give American manufacturers a competitive advantage, the news agency says.

At the same time, Asakawa stated that a controlled devaluation of the dollar is also unlikely. The weakening of the greenback will drive up inflation in the United States, he noted.

Asakawa claimed US Treasury Secretary Scott Bessent and Japanese Finance Minister Katsunobu Kato do not raise currency issues in trade talks. The officials also did not discuss exchange rate targets or measures to control yen moves during their first face-to-face meeting in April, Kato said at the time.

Meanwhile, as part of the negotiation, Japan could propose increasing investment in the US, revising national car safety standards, and contributing to the production of liquefied natural gas in Alaska, Asakawa stated.

Elena Dorokhina MarketCheese
Period: 17.07.2025 Expectation: 26000 pips
Institutional investor demand could push ETHUSD to 3,000
Yesterday at 10:38 AM 33
Period: 16.07.2025 Expectation: 2000 pips
USDJPY prepares to retest 148 Level
Yesterday at 08:19 AM 36
Period: 16.07.2025 Expectation: 900 pips
NVIDIA shares rise amid global AI infrastructure investments
09 July 2025 63
Period: 15.07.2025 Expectation: 800 pips
Breaking downtrend could push USDCAD to 1.375
09 July 2025 41
Period: 14.07.2025 Expectation: 1600 pips
Upcoming “Crypto Week” to boost bitcoin prices
08 July 2025 108
Period: 15.07.2025 Expectation: 400 pips
Selling AUDUSD targeting 0.65000 amid limited growth and technical weakness
08 July 2025 52
Go to forecasts