This is the first clear warning in a very long time by the U.S. that Japan should not cap the rise in the yen. The yen is the cheapest it has been for 20 years and will inevitably regain ground.
The comments by Tim Adams were a bombshell. This is the first clear warning in a very long time by the U.S. that Japan shouldn't cap the rise in the yen. The implicit assumption is the yen will indeed strengthen.