Japan's Finance Minister just reconfirmed with Bessent: yen is undervalued and excessive weakness is a problem.
Market's sleeping on this. They think Japan-US coordination to curb yen weakness is all talk.
Don't fade the intervention threat when both sides are aligned. $USDJPY longs getting too comfortable.
Market's sleeping on this. They think Japan-US coordination to curb yen weakness is all talk.
Don't fade the intervention threat when both sides are aligned. $USDJPY longs getting too comfortable.
