Published: 2025-04-28T05:00:08.000Z
USD/JPY flows: Mimura denies report
FX Analyst
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Japan top currency diplomat Mimura says Completely untrue about media report that Bessent said stronger yen preferable
Japan's vice finance minister for international affairs Mimura denies a media report that U.S. Treasury Secretary Bessent prefers stronger JPY. Such headlines has been circulating since the first U.S.-Japan meeting for the trade deal and has been dismissed. We do not see the Japanese government opening suggest FX rates to be one of the leverage in trade deals nor a collaborative intervention.
USD/JPY is trading 0.22% lower at 143.32.