Japanese Finance Minister Shunichi Kato said on Tuesday, “excessive volatility would negatively affect economic and financial stability.”

Additional quotes

  • Planning to attend the Spring meetings of IMF, World Bank in Washington.
  • Forex rates should be determined by markets.
  • Have agreed with Bessent to closely communicate on forex.
  • Closely monitoring financial markets as they have been unstable recently.

Market reaction

USD/JPY was last seen trading at 143.40, up 0.22% on the day.

Source: Fxstreet