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Trading news
2 Feb 2017
Trump’s “America first” policy to weaken US Dollar – Ex-Japan MOF
The former currency chief of Japan’s Ministry of Finance believes President Trump’s “America First” policy, which aims to reduce the trade deficit marks a fundamental shift in the country’s exchange rate policy.
The US has traditionally favored a strong dollar, but this model seems to be changing, said Hiroshi Watanabe, president of the Institute for International Monetary Affairs in Tokyo.
Watanabe added, “Japan is losing its longer-term strength and it is dangerous to put faith in the Yen as a safe haven currency going forward”.