Yen hits strongest point since September as tariff talks begin

Market watchers see U.S. pressuring Japan to correct currency's weakness

20250416N yen dollar

The yen's weakness against the dollar over the past few years has been a sore spot for U.S. President Donald Trump. (Photo by Akira Kodaka)

HIROFUMI TAKEUCHI

NEW YORK -- The yen rallied into the 141 range against the dollar here Wednesday, its strongest level since September, amid speculation that the Japanese currency's persistent weakness would be on the agenda in tariff discussions between the U.S. and Japan.

Japan's minister of state for economic and fiscal policy, Ryosei Akazawa, met with U.S. Treasury Secretary Scott Bessent that afternoon.

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