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US auto executives and the Trump administration increased criticism of the strong dollar in recent days, unsettling Tokyo over yen volatility. Comments suggest possible friction between Washington and Japan over currency management.
The article reports the political pressure rather than any policy action.
Rising US pressure on the dollar's level raises the chance of currency intervention, which could move the yen and dollar-denominated commodity prices.
asia.nikkei.comJan 25, 2017Not enough comparable past events yet for a historical read.
After 41 past policy events, US Dollar (Broad) moved a median -0.2% over 5 sessions (44% higher; middle half -0.6% to +0.4%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
