Japan’s Top FX Diplomat Mimura: US did not discuss FX levels at finance ministers' meeting

Dhwani Mehta FXStreet

Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said early Thursday “ the US did not discuss FX levels at finance ministers' meeting.”

Additional comments

Reaffirmed that forex should be determined by the market.

Do not believe that there is any gap in understanding with the US.

Finance Minister Kato agreed with Bessent that FX rates should be set by markets.

Market reaction

USD/JPY keeps its range trade intact near 143.50 levels to now trade at 143.31, down 0.31% on the day.

Japanese Yen PRICE Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.03%	-0.04%	-0.24%	-0.05%	-0.12%	0.20%	-0.08%
EUR	0.03%		-0.01%	-0.23%	-0.02%	-0.09%	0.24%	-0.05%
GBP	0.04%	0.00%		-0.21%	-0.01%	-0.06%	0.23%	-0.04%
JPY	0.24%	0.23%	0.21%		0.19%	0.15%	0.44%	0.16%
CAD	0.05%	0.02%	0.01%	-0.19%		-0.05%	0.25%	-0.03%
AUD	0.12%	0.09%	0.06%	-0.15%	0.05%		0.31%	0.02%
NZD	-0.20%	-0.24%	-0.23%	-0.44%	-0.25%	-0.31%		-0.29%
CHF	0.08%	0.05%	0.04%	-0.16%	0.03%	-0.02%	0.29%

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.

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