Japan finance minister held emergency call with Bessent as yen nears 40-year low
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Danske Bank | — | 1.1300 |
UOB | — | 1.1445 |
Citi | — | 1.1200 |
All 27 desk targets for EUR/USD
From the original
USD/JPY is acutely sensitive to any official confirmation of these talks, with the yen already within a whisker of levels that triggered record intervention earlier this year. A break above 161.96 would take the pair to its weakest since 1986, a psychologically and politically si
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Bessent to raise weak yen with Japanese officials in Tokyo meetings next week
Lead — The upcoming visit of U.S. Treasury Secretary Scott Bessent to Japan underscores a pivotal moment in U.S.-Japan relations, particularly concerning the weak yen. Per the full note [source], discussions will not only focus on currency dynamics but also encompass broader economic security issues, including rare earths and energy procurement. This multifaceted agenda reflects a strategic shift in U.S. engagement with Japan, particularly as the yen faces ongoing depreciation pressures. The potential for coordinated currency discussions could reshape market positioning significantly, especially for yen shorts.
USD/JPY on approach to 159! How you left, Ministry of Finance?
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