Reported about 16 hours ago
U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Katsunobu Kato confirmed that the current dollar-yen exchange rate is in line with market fundamentals, emphasizing that exchange rates should be determined by the market. This statement comes amid pressures related to U.S. trade deficits and expectations regarding Japan's currency strength. They met at the G7 finance ministers gathering in Banff, Canada, but did not delve into specific exchange rate levels.
Source: YAHOO