Japan Fin Min Katayama Meets US Treas Sec
Japan Finance Minister Katayama confirms holding online talks with US Treasury Secretary Bessent on Monday to discuss global financial markets and Iran conflict impacts
Meeting with Bessent took nearly one hour - - Discussed global financial markets, Iran conflict impacts with Bessent - - Japan-US has preexisting agreement on taking decisive steps, no change to that - - Reaffirmed US-Japan FX agreement and markets - - Held talks with Bessent as follow-up after G7 Summit - - No comment on FX levels - - ** Reminder overnight: J apanese Fin Min Katayama and US Treasury Sec Bessent reportedly held an "emergency" call to discuss the historic depreciation in the Yen, likely including the possibility of FX intervention - Japan press - ** Note Yen volatility overnight, after falling to 161.93 then rising sharply by 80 pips in about two or three minutes to 161.10 in the NY morning before falling again to near 162 before settling around 161.50