Japan’s Kato: Monetary policy decision is up to BoJ

Haresh Menghani FXStreet

Japan's Finance Minister Katsunobu Kato, when asked about the US Treasury report on exchange rate, said that the monetary policy decision is up to the Bank of Japan.

The US Treasury Department said on Thursday that the BoJ should continue to proceed with monetary tightening, arguing that doing so would support a normalization of the yen’s weakness and contribute to a more balanced trade relationship.

Market Reaction:

The USD/JPY pair sticks to its modest intraday gains for the second straight day and currently trades around the 143.65-143.70 region, though it remains confined in the weekly range ahead of the US Nonfarm Payrolls (NFP) report.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

GBP/USD slips back below 1.3200

GBP/USD remains well on the defensive, sliding to the sub-1.3200 area once again on Tuesday. Cable’s decline comes as investors assess the political uncertainty in the UK, coupled with softer-than-expected UK PMI data and the better tone in the Greenback.

EUR/USD breaks below 1.1400 to hit fresh 2026 lows

EUR/USD comes under fresh and strong selling pressure on Tuesday, slipping below 1.1400 to its weakest level since June 2025. Mixed PMIs readings from Germany and the Eurozone offered little support to the single currency, while a risk-off tone across markets and stronger-than-expected US data boosted demand for the US Dollar.

Gold drops to multi-day lows, focus is now on $4,000

Gold rapidly reverses Monday's bounce and is trading sharply lower on Tuesday. The yellow metal, however, manages well to keep business above the $4,100 mark per troy ounce despite a firmer US Dollar and expectations that the Fed will keep rates higher for longer.

MiCA regulations could be the next bullish catalyst for crypto – Georg Harer, co-CEO at Bybit EU

The cryptocurrency market is losing momentum and liquidity due to the lack of a bullish catalyst. In an exclusive interview with FXStreet, Georg Harer, co-CEO at Bybit EU, says that the Markets in Crypto-Assets (MiCA) regulations could inject liquidity into the crypto market from traditional fund houses.

"Rearranging the deckchairs on the Titanic": UK's fiscal crisis outlasts another Prime Minister

Keir Starmer's resignation as the UK Prime Minister comes ten years after the Brexit referendum vote, a coincidence that financial markets have been quick to note. The British Pound trades around 1.3220 against the US Dollar on Thursday.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.