Japan’s Finance Minister Satsuki Katayama said she discussed currencies with U.S. Treasury Secretary Scott Bessent, with both sides agreeing to stay in close contact. She reiterated warnings of “bold actions” against excessive yen volatility and said authorities will act if needed as USD/JPY nears 160. The remarks point to aligned interests, with Japan favoring a stronger yen and the U.S. a weaker dollar, while recent declines in oil prices and easing geopolitical risks have reduced immediate pr

Japan’s Finance Minister Satsuki Katayama said she discussed currencies with U.S. Treasury Secretary Scott Bessent, with both sides agreeing to stay in close contact. She reiterated warnings of “bold actions” against excessive yen volatility and said authorities will act if needed as USD/JPY nears 160. The remarks point to aligned interests, with Japan favoring a stronger yen and the U.S. a weaker dollar, while recent declines in oil prices and easing geopolitical risks have reduced immediate pressure on the pair.