♦️The US dollar fell on Thursday to its lowest level in two weeks against the Japanese yen, amid rising concerns about the financial situation in the United States and weak demand for Treasury bonds, as President Donald Trump seeks to pass a massive bill that includes spending and tax cuts in Congress.
♦️The dollar dropped to 143.27 yen in early Asian trading, the lowest level since May 7, despite rising by 0.5% at the beginning of the session, following comments from Japanese Finance Minister Katsunobu Kato that he did not discuss currency exchange rates with his US counterpart Scott Pruitt during the G7 meetings in Canada. However, the rapid market decline suggests that doubts remain among investors about the White House's desire for a weaker dollar against Asian currencies.
