Published: 2026-05-12T02:42:42.000Z
USD/JPY flows: Japan and U.S. Currency Talks
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Japan and U.S. reaffirm currency cooperation after Bessent's Tokyo talks
It is reported that Japan and the United States have reaffirmed their close cooperation. It was expected U.S. will press Japan to avoid extreme JPY weakness but we have yet to hear from Bessent yet. The MoF has likely intervened multiple times in the past week, a convenient timing for political and USD/JPY reaching above 160 figure. What is left to discuss is whether the U.S. will try to strongarm Japan into hiking rates.
USD/JPY is trading 0.32% higher at 157.63.