《U.S. Treasury Secretary Says U.S.-Japan Negotiations Have No Exchange Rate Goals, Remains Silent on Whether Trump Can Dismiss Powell》

U.S.-Japan Exchange Rate Related Aspects

- U.S. Position: U.S. Treasury Secretary Mnuchin clearly stated that there are no exchange rate targets set in the negotiations with Japan, hoping Japan will adhere to the G7 agreement and let the market determine the exchange rate. Previously, although Trump had a tendency towards a weaker dollar to stimulate manufacturing, the official statement this time is quite clear, that the exchange rate will not be a negotiation target.

- Situation in Japan: The yen's exchange rate is influenced by various factors, and previously, due to the differences in monetary policy between the Bank of Japan and the Federal Reserve, the yen plunged against the dollar. Recently, due to concerns over Trump's tariff policy harming the U.S. economy, the yen's exchange rate has risen, briefly surpassing the 140 mark earlier this week.

Federal Reserve Chairman Powell's Status Related Aspects

- Treasury Secretary's Attitude: Mnuchin did not comment on whether Trump has the legal authority to dismiss Powell, while also stating that Trump's mention of Powell's 'dismissal' last week may refer to his term ending in May 2026, and he is not surprised by Trump's criticism of Powell.

- Background Situation: Trump has recently pressured the Federal Reserve to cut interest rates and criticized Powell, previously stating that 'the sooner Powell leaves, the better.' However, on April 22, Trump claimed he had no intention of firing Powell.

Overall, the Treasury Secretary's statement has somewhat stabilized the market's expectations regarding U.S.-Japan exchange rate negotiations and the stability of the Federal Reserve chairman's position, but due to the fluctuations in Trump's prior statements and the long-standing conflicts between him and Powell, uncertainties still exist in the related situation. #BTC #ETH $BTC $ETH