Elaine is threatened with a greater decline with the progress of the fees between America and Japan

The yen was not included in the (American-Japanese) conversations over customs duties at the present time, but it is likely to be presented in future negotiations, making it vulnerable to more fluctuations.

The Japanese currency decreased today, Thursday, after Riosi Akazawa, the chief Japanese trade negotiator, said that the issue of foreign exchange was not raised in his discussions with President Donald Trump and other US officials.

He also explained that Finance Minister Katsonobo Kato and US Treasury Secretary Scott Besent will discuss the subject of foreign exchange rate.

The impact of negotiations between America and Japan
This meeting may be held as soon as possible next week during the International Monetary Fund meetings, which Cato and People are expected to attend.

The issuance of any signal that shows that the United States is looking to twice the dollar to enhance the value of the yen quickly again.

Mizuho Securities, in a report, wrote: “The upcoming Cato-Pesent talks are likely to have a greater impact on foreign currency markets.”

He continued: “Based on how negotiations between America and Japan take place, there are risks that the current moves in the currency markets today may be reflected. We must be ready for the scenario of the high value of the yen.” The price of the yen reached 142.50 against the dollar in the afternoon in Tokyo, after it recorded 141.62 earlier against the green currency.

The price of the yen against the dollar .. Is it up?
“The dollar bounced up again after traders abandoned the purchase centers on the yen, following the statements of Akazawa,” said Yuiru Securities, head of the foreign exchange strategy at Nomura Securities. “However, the market appears to be determined to test the level of 140 yen against the dollar,” noting that the dollar’s strength continues in light of the decline in expectations by reducing interest rates by the federal reserve, and the continuation of uncertainty about the American economy.

The market moved, although both governments agreed earlier that currency issues will be addressed mainly between Kato and Busant at a later time.

Akazawa said: “I do not remember that Japan has one day tried to direct the yen towards a decrease or anything of that such,” in response to the previous accusations by Trump, which was indicating that Japan tried to achieve a commercial advantage by weakening its currency.