Japanese Yen Recovers as Trump Expresses Concern Over Currency Weakness

Key Facts

1USD/JPY opened the week at 157.30 after snapping a five-session losing streak.

2Finance Minister Satsuki Katayama stated that Donald Trump expressed concern over yen weakness during a meeting with PM Sanae Takaichi.

The USD/JPY pair opened the week at 157.30, snapping a five-session losing streak. Finance Minister Satsuki Katayama stated that Donald Trump expressed concern over yen weakness during a meeting with Prime Minister Sanae Takaichi, ActionForex reported. These reports provided support for the Japanese currency, allowing it to recover from two-week lows.

Katayama confirmed ongoing coordination with US Treasury Secretary Scott Bessent following the joint intervention conducted in late July. Technically, USD/JPY maintains a corrective bias as long as it remains below the 157.96 resistance level, with a potential decline toward 156.51. However, the long-term prospects for yen strengthening remain limited by the interest rate differential between the US and Japan.