Japan’s Katayama says to maintain close communication with US on currency markets

Japanese Finance Minister (FM) Satsuki Katayama said on Friday that the government will ‌continue to closely communicate with the United States (US) to ensure orderly foreign exchange markets.

Key quotes

Won't discuss specific currency levels. 

Stance unchanged since US-Japan coordination. 

Will aim to ensure stable currency movements, will closely communicate with U.S.

Receives backing from Bessent, JPMorgan's Dimon on Japan's economic strategy at G20. 

Market reaction

At the time of writing, the USD/JPY pair is up 0.03% on the day at 154.48.