Core Viewpoint - The U.S. continues to pursue a strong dollar policy without engaging in secret currency negotiations [1] Group 1 - The statement was made by Trump's economic advisor, Miran, emphasizing the commitment to a strong dollar [1]

Group 1 - The US and Japan are expected to hold currency negotiations this week, with hedge funds and long-term investors betting on a stronger yen [1] - Japanese Finance Minister Kato Katsunobu indicated a desire to meet with US Treasury Secretary Scott P. Basset for currency discussions, amid speculation that the Trump administration is open to a weaker dollar [1] - The latest US Treasury semiannual foreign exchange report includes Japan and South Korea on its currency behavior monitoring list [1] Group 2 - As of May 13, leveraged funds' long positions in yen reached 24,741 contracts, the highest level since September 2019 [2] - The dollar-yen exchange rate reached a five-week high of 148.65 on May 12, providing an attractive selling opportunity for some funds [2] - The currency options market shows increased interest in trades betting on yen strength, with implied volatility dropping to pre-liberation levels [2]

Group 1 - Trump's criticism of Powell's monetary policy has intensified, suggesting that the Federal Reserve should lower interest rates to prevent economic slowdown, especially in light of declining costs for energy and food [2] - Following Trump's remarks, the US dollar experienced a significant drop of 0.88% on April 21, reaching a low of 97.9137, while the euro and yen surged by 1.04% and 0.94% respectively [2] - The dollar has depreciated by 9% this year, with a nearly 6% decline occurring in April alone, while the euro and yen have appreciated by 11% and 10.74% respectively [2] Group 2 - The recent volatility in the currency market has seen the offshore yuan only slightly appreciating by 0.28% against the dollar this year, indicating uncertainty and chaos in the market due to Trump's tariff policies [3] - Trump's fluctuating tariff policies and interference with the Federal Reserve may undermine confidence in US economic decision-making and the credibility of the dollar [3] - The strong demand for the dollar as a global reserve currency has led to a high exchange rate, making US exports more expensive and imports cheaper, contributing to trade deficits and harming manufacturing [4] Group 3 - The ongoing trade negotiations between the US and EU, as well as Japan, have encountered significant deadlock, particularly regarding tariffs on industrial goods [5] - The US has maintained a firm stance on tariffs, with Japan denying any substantial progress in negotiations, especially concerning automotive and steel tariffs [6] - Future discussions on exchange rates are anticipated, with potential compromises expected, but not immediately, reflecting the complexities of the ongoing trade talks [6]