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Yen Drops Amid Election Worries, Dollar Rises

7/18/2025

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Summary

Story summary

The yen slipped 0.4% to ¥148.48 against the US dollar, shaken by worries over Japan's looming election and stalled trade talks with the US. Prime Minister Shigeru Ishiba's coalition may face setbacks, shaking confidence in the currency. In contrast, the US dollar gained ground after President Trump reassured that Federal Reserve chair Jerome Powell's position is secure.

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Story summary

The yen slipped 0.4% to ¥148.48 against the US dollar, shaken by worries over Japan's looming election and stalled trade talks with the US. Prime Minister Shigeru Ishiba's coalition may face setbacks, shaking confidence in the currency. In contrast, the US dollar gained ground after President Trump reassured that Federal Reserve chair Jerome Powell's position is secure.