USD/JPY flows: Bessent jawboning

U.S. Treasury Secretary Bessent posted on X praising Japan’s commitment to Bank of Japan independence and “policy space”. He also mentioned about the evolution of "Abenomics", all seems to be a kind of verbal prompt for stronger JPY. Japan Chief Cabinet Secretary Kihara did not give a response when asked about Bessent's remark.

USD/JPY is trading 0.23% higher at 152.44 as the knee-jerk move fades.