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Yen Jumps As Japan PM Admits Weak Currency "Problematic"
Yen Jumps As Japan PM Admits Weak Currency "Problematic"
President Trump reportedly expressed concern over the weakness of the yen when he met Japan’s prime minister this week as the currency came under more pressure against the dollar.
The FT reports that Finance Minister Satsuki Katayama Satsuki Katayama told reporters in Tokyo that Trump and Sanae Takaichi discussed the yen in talks in New York on Tuesday.
The US president “expressed his concern” while Takaichi told Trump that she saw an undervalued yen as “problematic”, Katayama said.
The yen jumped around 1% against the dollar following...
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Update (0911ET):
The Hong Kong-based South China Morning Post has published an update on the sixth round of U.S.-China trade talks, which concluded moments ago in Paris.
SCMP's title for the update is rather ominous: "China and the US end trade talks as doubts form over Trump visit."
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