Published: 2025-05-22T02:40:27.000Z
USD/JPY flows: Early Move Faded
FX Analyst
1
Japan FM Kato says Unsustainable imbalance in some countries behind trade imbalance
US Treasury confirm that Sec. Bessent met with Japan FM Kato
The USD/JPY has strengthened in early Asia, when headline crossed the wire that US Treasury Secretary Bessent met with Japan FM Kato, as Kato has previously stated that FX will be in discussion with his U.S. counterpart. However, the move was faded after Kato's remark that he agreed with Bessent that FX rates should be set by markets and no other comment for FX level.
USD/JPY resumed downward traction and is trading 0.35% lower at 143.14.