Comments Trump hits the dollar, the yen rises against the background of the Bank of Japan speculation

The Dollar fell broadly on Monday after US President Donald Trump's comments on interest rates and strength of the currency, while the yen rose after reports that the Bank of Japan is discussing moves to reduce the overall stimulus program.

The dollar index, which measures the strength of the dollar versus a basket of six major currencies, fell 0.18% to 94.09 by 03:48 am EST (07:48 GMT), moving further from its highest level in a year at 95.44 Which he arrived on Thursday.

 The dollar was under pressure after Trump launched an attack on the Fed on Thursday, claiming its plans to raise US interest rates could undermine its efforts to strengthen the economy.

 Trump stepped up his criticism of the Federal Reserve on Friday, stressing on Twitter that the tougher monetary policy was to punish the United States by contributing to the strength of the dollar. He also accused China and the European Union of manipulating currency and interest rates, which he claims put the United States in a non-discriminatory position. The dollar index fell 0.77% on Friday, the biggest one-day decline in three weeks, enough to turn the index into negative for the month. The dollar fell to a two-week low against the yen, with the dollar trading against the yen dropping 0.47% to 110.95. The dollar has now fallen about 2% against the Japanese currency since hitting a six-month high of 113.16 last Thursday.


The yen strengthened after Reuters and other media reported that the Bank of Japan was actively discussing changes in the massive monetary stimulus program. The Bank of Japan is scheduled to hold its next policy meeting at the end of the month. The euro rose against the dollar, with EUR / USD trading up 0.14% to trade at 1.1735.


The pound also rose, with GBP / USD trading up 0.17% to hit 1.3151. Investors continued to monitor developments in the intensified global trade conflict after Trump said on Friday he was ready to impose tariffs on all Chinese imports to the United States, worth about $ 500 billion a year. The United States and China have already imposed tariffs of $ 34 billion on their respective imports. Meanwhile, finance ministers and central bankers from the G-20 called for more dialogue to prevent trade and geopolitical tensions from harming growth at a weekend meeting in Buenos Aires.