Last week President Trump,
He has no intention of removing Chairman Powell.
He will significantly lower tariffs on China.

He also announced his intention to drastically reduce tariffs on China. He also announced that he intends to significantly reduce tariffs on China.

The market, which had been selling dollars on the possibility of Powell’s dismissal, was forced to buy back, and the price temporarily surged to around ¥143.20. That level was indeed overbought in the short term, but it was positive for the market in the sense that it moves to improve relations with China.
The Japan-U.S. finance ministers’ meeting attracted much attention, but the content of the meeting was questionable as to whether it was a meaningful meeting in terms of results alone, as there was no discussion on currency targets. Doubts about the dollar as a reserve currency had led to a weakening of the dollar and turmoil in the U.S. financial markets. In this sense, it was almost impossible to make a policy decision that would bring about a major depreciation of the dollar at this time.

Next, the perspective shifts again to tariff negotiations, most importantly between the U.S. and China. The most important issue is the tariff negotiations between the U.S. and China. If the tariffs remain unchanged, the global economy will be severely damaged, but the Chinese side cannot compromise because the U.S. side has unilaterally initiated this battle.
The market is influenced by what is said, but there are likely to be situations where a flexible stance can be taken by responding in detail.

We need to keep our heads held high.