"City" expects America to conclude a commercial agreement with Japan and the highlight of the yen

City Group expected the price of the yen to rise against the dollar, in light of the US authorities who want to address the weakness of the Japanese currency within the upcoming commercial negotiations. “Although the United States can target the price of 100 yen per dollar, we believe that achieving an acceptable or medium number at about 120 yen is a more realistic option.” The yen rose 0.7% against the dollar to 139.89 on Tuesday. Japanese Finance Minister Katsonobo Kato and US Treasury Secretary Scott Pisent are expected ‘highly expected’ talks this week. These discussions are likely to result in the Trump administration imposing additional customs duties on Japan, given the expectations that the bank or Japan efforts to normalize the monetary policy will increase the value of the yen, according to “City”. The Japanese yen on Tuesday exceeded the psychological level of 140 against the dollar- to become the best performance between the ten group countries- in light of investors’ search for alternatives to the US dollar, with the increasing risks that threaten US assets. The Yen exchange rate can record the level of 2024 strategic books at “Mizuho Securities” in a research note that the Yen exchange rate in 2024 could rise to the highest level at 139.58 as a result of the fall in US share prices and talks between the United States and Japan. The United States imposed 24% of customs on Japanese imports, as well as higher fees on other commercial partners on April 2, before the implementation was stopped to allow negotiations. The global markets follow the continued discussions between the two countries to estimate the scope and possibility of negotiating the reduction of US customs duties. Negotiations take place in light of the decline of global growth prospects, as the International Monetary Fund has warned that diplomacy of customs duties by the United States will lead to an increase in the state of cheap uncertainty, the slowdown in economic activity and the disability of productivity.