Japan’s Kato: Agreed with Bessent that exchange rate should be set by the market
Japanese Finance Minister Katsunobu Kato said on Thursday that he “agreed with US Treasury Secretary Scott Bessent that exchange rate should be set by the market.”
Additional quotes
No talk of exchange rate target with Bessent.
Group of Severn (G7) finance ministers saw positive signs in tariff talks.
Market reaction
USD/JPY has bounced back to test 146.00 on these comments, adding 0.83% on the day, as of writing.
Japanese Yen PRICE Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.52% | 0.31% | 0.85% | 0.12% | 0.09% | 0.50% | 0.80% | |
| EUR | -0.52% | -0.19% | 0.33% | -0.39% | -0.36% | -0.00% | 0.27% | |
| GBP | -0.31% | 0.19% | 0.51% | -0.18% | -0.15% | 0.18% | 0.39% | |
| JPY | -0.85% | -0.33% | -0.51% | -0.73% | -0.77% | -0.38% | -0.14% | |
| CAD | -0.12% | 0.39% | 0.18% | 0.73% | -0.08% | 0.39% | 0.57% | |
| AUD | -0.09% | 0.36% | 0.15% | 0.77% | 0.08% | 0.36% | 0.53% | |
| NZD | -0.50% | 0.00% | -0.18% | 0.38% | -0.39% | -0.36% | 0.18% | |
| CHF | -0.80% | -0.27% | -0.39% | 0.14% | -0.57% | -0.53% | -0.18% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
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