Bessent Calls Japanese Yen Undervalued, Excessive Volatility a Concern

US Treasury Secretary Scott Bessent has expressed his views on the Japanese yen's value. In an interview, he stated that 'the Japanese yen seems very undervalued' and believes that the currency market will realize its potential for strengthening.

Bessent also mentioned that excessive volatility in the yen is not healthy for the economy. The US Treasury Secretary did not provide a specific target or timeline for the yen's potential appreciation, but emphasized his concern over the current state of the currency market.