Yen-selling pressure persists despite Trump warning shot

U.S. tariffs and immigration policy seen stoking inflation, keeping interest rates high

20250304N dollar yen

The yen has strengthened somewhat against the dollar but has had trouble breaking through the 148 barrier. (Photo by Akira Kodaka)

GENKI IKUTA

TOKYO -- The yen has strengthened against the dollar recently, reaching 148.60 to the greenback at one point Tuesday, but analysts expect the Japanese currency to eventually weaken in light of the uncertain U.S. economic outlook and Japan-U.S. monetary policies.

The latest yen rally was sparked by U.S. President Donald Trump's comments on Monday that countries such as Japan and China were driving down their currencies, saying that doing so was unfair to the U.S.

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