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 ministers
- Bessent and Kato discussed global security, bilateral trade and currency issues
- Bessent and Kato reaffirmed shared belief that exchange rates should be market determined
- Bessent and Kato reaffirmed that, at present, the dollar-yen exchange rate reflects fundamentals
- As 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.
