Japan says Trump raised yen weakness with Prime Minister Takaichi as dollar-yen falls to 158.11

  • President Trump raised concerns about yen weakness with Prime Minister Sanae Takaichi.
  • Dollar-yen briefly fell to 158.11 yen in Tokyo afternoon trading.
  • Satsuki Katayama said Japan will maintain exchange-rate coordination with the United States.

Japanese Finance Minister Satsuki Katayama said U.S. President Donald Trump directly expressed concerns about yen weakness during a meeting with Prime Minister Sanae Takaichi in New York this week. Katayama disclosed the discussion after a cabinet meeting on September 25 and said Japan would continue close coordination with the United States on exchange-rate matters. Dollar selling and yen buying later pushed dollar-yen briefly down to 158.11 yen in Tokyo afternoon trading, as momentum in the U.S. 10-year Treasury yield and crude oil prices stalled.

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