Tokyo: The US Dollar fell to a 7-month low against the Japanese yen on Monday in Tokyo, dipping into the upper-JPY 140 range, according to the national news broadcaster in Japan, NHK.

According to Kuwait News Agency, the dollar slid to JPY 140.62, marking its lowest level since September. As of 4:00 pm (0700 GMT), the greenback traded at JPY 140.76-77, compared with JPY 142.16-26 in New York and JPY 142.39-40 in Tokyo at 5:00 pm on Friday.

The drop followed a social media post by US President Donald Trump on Sunday, where he included “currency manipulation” among eight alleged “non-tariff cheating” practices, alongside Value-Added Taxes (VATs) and government subsidies.

Market players interpreted Trump’s comment as a signal that the US may pressure Japan to take measures to counter the yen’s weakening against the dollar. Japan has consistently denied having a policy to devalue its currency, NHK reported.

The issue is anticipated to be on the agenda when Japan’s Finance Minister Katsunobu Kato meets US Trea
sury Secretary Scott Bessent in the US later this week, NHK noted, adding that investors are buying the yen in anticipation of the discussions.