Yen hits seven-month high on expectations of U.S.-Japan talks

More yen strategists turn bullish due to Trump tariffs

20250421 141 yen

The yen's rally came ahead of the meeting of the Group of 20 finance ministers and central bankers, scheduled to kick off in Washington on Wednesday. (Photo by Akira Kodaka)

LISA KIM and JADA NAGUMO

TOKYO -- The Japanese yen strengthened to the 140 range against the dollar on Monday morning amid growing expectations that the finance chiefs of the U.S. and Japan would meet on the sidelines of an upcoming global summit.

The currency temporarily reached 140.61, appreciating by more than 1% from the previous week and hitting its strongest level since September.

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