1429 GMT - The Japanese yen could suffer if the U.S. economy weakens as this could negatively impact Japan's current account, Commerzbank currency analyst Volkmar Baur says in a note. Japan's current account is highly dependent on U.S. economic developments in the U.S., he says. The increase in Japan's current account surplus between 2021 and the 12 months to end-September 2024 was entirely driven by the rise in primary income from the U.S. Furthermore, 28% of Japan's export growth over the past three years has come from the U.S. alone. "A slowdown in the U.S. economy, which would weigh on the trade-weighted dollar, would not necessarily be positive for USD/JPY." The dollar is last up 0.4% at 150.454 yen. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
March 26, 2025 10:29 ET (14:29 GMT)
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