Forex
Dollar weakens, yen rallies on Japan remarks and easing oil
The dollar fell and the yen rallied after Japan's Prime Minister Takaichi said President Trump had raised concerns about a weak yen, while oil prices slid.
USD/JPY fell below the 158 level, retreating from a three-week high.
For beginners Comments from officials about a currency's level — so-called verbal intervention — can move markets much like actual central-bank action, because traders price in the expectation of future measures.