Japan’s Top FX Diplomat Mimura: US did not discuss FX levels at finance ministers' meeting

Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said early Thursday “ the US did not discuss FX levels at finance ministers' meeting.”

Additional comments

Reaffirmed that forex should be determined by the market.Do not believe that there is any gap in understanding with the US.Finance Minister Kato agreed with Bessent that FX rates should be set by markets.

Market reaction

USD/JPY keeps its range trade intact near 143.50 levels to now trade at 143.31, down 0.31% on the day.