Japan, US Signal Bold Currency Steps as Yen Nears 161.57 per Dollar
Updated
Updated · Bloomberg · Jun 23
Japan, US Signal Bold Currency Steps as Yen Nears 161.57 per Dollar
2 articles · Updated · Bloomberg · Jun 23
Summary
161.57 yen per dollar has pushed traders onto intervention watch after Japanese Finance Minister Satsuki Katayama said Tokyo and Washington agreed to take “bold steps” on currencies if needed.
Katayama said after a call with US Treasury Secretary Scott Bessent that the two sides are increasingly “aligned” on foreign-exchange policy, sharpening expectations of coordinated action if yen losses deepen.
The yen is hovering near its weakest level in four decades, making the latest policy signal more consequential for markets already sensitive to any hint of official support.