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Currencies: Dollar remains under pressure after Trump says it’s too strong

The dollar recovered on Thursday after President Donald Trump’s remark that the greenback “is getting too strong” started to fade drove the U.S. currency to a five-month low against the Japanese yen.

Trump’s remarks, which appeared in an interview with The Wall Street Journal that was published on Wednesday afternoon, seemed to suggest that the administration is moving away from the “strong dollar” policy that has endured for more than two decades. Trump made a similar remark, again in an interview with WSJ, shortly before his inauguration.

Initially, his comments appeared to have the desired effect, driving the dollar to USDJPY, +0.09% ¥108.72 early Thursday.

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