United States (US) Treasury Secretary Scott Bessent hit the newswires on Wednesday, giving his thoughts on the US debt ceiling, and also teased around the idea of the Trump administration introducing a "de minimis" tariff level, which would see US companies find some breathing room on tariffs up to
Markets are quiet and shrugging off the successful conclusion of US/ China talks, eyeing the outcome with a certain degree of skepticism.
The USD/JPY pair trades calmly around 145.00 during European trading hours on Wednesday. The pair oscillates in a tight range, with investors awaiting the United States (US) Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT.