Dollar at 1-1/2-week high vs. yen on Trump tax vow, U.S.-Japan summit awaited

Rate Range Projection by Bank

Next week 112.00 – 115.00

Next 3 months 108.00 - 117.50

The dollar was knocked back against the euro and yen this month as Trump focused on protectionist trade policies and appeared to back a weaker dollar since taking office.

On Thursday, Trump finally spoke on stimulus measures, promising a "phenomenal" tax plan in a White House meeting with airline executives, although he did not offer specifics other than citing the need to a lower tax burden on businesses.