Trump mentioned the yen in his comments on Monday about countries that had weak currencies. Trump views a weak currency as a form of tariff and is seeking to fight such a barrier to US exports with threatened tariffs of his own.

The yen rose after Trump’s comments.

I flagged this in a post early Monday if you were around. I know early Monday in Asia is still Sunday afternoon and evening in much of the world and I can understand people missing the breaking news. Do be sure to catch up on the wrap though.

• Washington has signaled that it could treat currency manipulation as a nontariff barrier that could trigger a counter levy from the U.S.
• ForexLive Asia-Pacific FX news wrap: BTC rocketed higher on Trump endorsing crypto reserve

The jump above 151 flushed some shorts but failed soon after.

This article was written by Eamonn Sheridan at www.forexlive.com.