Japan finance minister Kato

• Japan is not pursuing a policy of devaluaing the yen
• I have confirmed with US Treasury Secretary Bessent our basic stance on forex
• I won’t comment on foreign leaders have to say

ICYMI over the past decade or so, Japanese authorities say super-loose monetary policy is in order to combat deflation and low inflation, the weak yen is just a side effect.

USD/JPY update:

This article was written by Eamonn Sheridan at www.forexlive.com.