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Published: 2025-03-17T00:50:04.000Z

USD/JPY flows: USD opened higher

byCephas Kin Long Yung

FX Analyst
3

USD opened higher on Monday

US Treasury Secretary Bessent's comment not comforting

USD opened higher on Monday across majors as US Treasury Secretary Bessent has left concerning remarks over the weekend. He says that he can't guarantee there will be no recession for the U.S. and welcomes the drop in stock market. 

These remarks have driven the USD higher given its risk adverse nature and see USD/JPY 0.17% higher at 148.87.

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Topics
Foreign Exchange
FX DM
Flows
USD/JPY-Commentary

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