US Treasury confirm that Sec. Bessent met with Japan finance minister Kato
Secretary Bessent met with finance minister Katsunobu Kato of Japan on the margins of the G7 finance ministersBessent and Kato discussed global security, bilateral trade and currency issuesBessent and Kato reaffirmed shared belief that exchange rates should be market determinedBessent and Kato reaffirmed that, at present, the dollar-yen exchange rate reflects fundamentalsAs at their previous meeting, they did not discuss foreign exchange levels
USD/JPY getting a bid higher on this:
This article was written by Eamonn Sheridan at www.forexlive.com.