Japan finance minister Kato wants to discuss FX with Bessent

Japan finance minister Kato

• Making preparations to join G7 meetings in Banff
• If have a chance, hope to have a meeting with U.S. Treasury Secretary Bessent to discuss forex
• Possible to discuss tariff deal if meeting with Bessent is realised
• Will closely monitor U.S.-China tariff deal
• Won’t comment on forex levels
• Will closely watch out markets developments caused by U.S.-China tariff deal

Yen lost ground since the weekend’s US-China tariff trim-and-pause:

• Forexlive Americas FX news wrap: Massive across the board on trade war relief
• ForexLive European FX news wrap: US, China strike deal to lower tariffs after talks

This article was written by Eamonn Sheridan at www.forexlive.com.