- Analytics
- News and Tools
- Market News
- Japan’s Suzuki: Told Yellen we are concerned about rapid yen weakening recently
Japan’s Suzuki: Told Yellen we are concerned about rapid yen weakening recently
Following the much-awaited meeting with US Treasury Secretary Janet Yellen on Tuesday, Japanese Finance Minister Shunichi Suzuki said that he told his US counterpart that “we are concerned about rapid yen weakening recently.”
Further comments
Told Yellen we are watching currency market with a sense of urgency.
Told Yellen excess volatility, disorderly moves can hurt economic stability.
Meanwhile, a joint statement released after their meeting showed that the two diplomats agree to 'further strengthen' bilateral ties.
Additional takeaways
Yellen, Suzuki committed to address higher food, energy and commodity prices and growing food insecurity exacerbated by Ukraine war.
US, Japan say Russia’s invasion of Ukraine has raised exchange rate volatility, which can have adverse implications for economic and financial stability.
US, Japan agree to continue consulting on foreign exchange markets, cooperate 'as appropriate' on currency issues, in line with G7, g20 commitments.
US, Japan welcome G7 efforts to continue exploring ways to curb rising energy prices, including feasibility of price caps 'where appropriate'.
US., Japan emphasize need for coordination to ensure fair burden sharing among all creditors for vulnerable middle-income countries, notably Sri Lanka.
US., Japan urge China and all relevant creditors to contribute constructively to debt treatments for low-income countries with debt issues.
Market reaction
USD/JPY is trading near-daily highs of 137.51 following the conclusion of the US-Japan bilateral meeting. The spot has erased early losses and now trades almost unchanged on the day.
USD/JPY is trading near-daily highs of 137.51 following the conclusion of the US-Japan bilateral meeting. The spot has erased early losses and now trades almost unchanged on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
