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 Seven (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.
(This story was corrected on May 29 at 6:50 GMT to say that "Group of Seven (G7) finance ministers saw positive signs in tariff talks," not Severn.)
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).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
