Trump’s threat to Japan (re the weak yen) was forewarned during Asia on Monday morning

Trump mentioned the yen in his comments on Monday about countries that had weak currencies. Trump views a weak currency as a form of tariff and is seeking to fight such a barrier to US exports with threatened tariffs of his own.

The yen rose after Trump’s comments.

I flagged this in a post early Monday if you were around. I know early Monday in Asia is still Sunday afternoon and evening in much of the world and I can understand people missing the breaking news. Do be sure to catch up on the wrap though.

• Washington has signaled that it could treat currency manipulation as a nontariff barrier that could trigger a counter levy from the U.S.
• ForexLive Asia-Pacific FX news wrap: BTC rocketed higher on Trump endorsing crypto reserve

The jump above 151 flushed some shorts but failed soon after.

This article was written by Eamonn Sheridan at www.forexlive.com.