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US and Japan Discuss Yen Weakness Amid Trump Concerns

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JPY
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Japanese Finance Minister Satsuki Katayama met online with US Treasury Secretary Scott Bessent to discuss currency fluctuations.

Katayama said she expects the excessive selling of the yen to ease, citing a possible misunderstanding in the market that may lead to a change in trend.

Bessent had previously urged Tokyo to strengthen the yen, warning that a weak Japanese currency could fuel inflation in Japan and increase yields on US Treasury securities.

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