Japan, US maintain currency-market coordination as yen hits seven-month high

  • Satsuki Katayama said Japan and the U.S. remain aligned on currency markets.
  • The yen reached a seven-month high after late July coordinated intervention.
  • Katayama said Japan will maintain communication with the U.S. Treasury.

Japan and the United States remain aligned on currency markets, Japanese Finance Minister Satsuki Katayama said, as the yen rallies to a seven-month high. Tokyo will maintain close communication with the U.S. Treasury to promote orderly foreign-exchange movements. Katayama said she spoke with Treasury Secretary Scott Bessent during recent Group of 20 meetings and other occasions. Traders have reassessed the yen’s outlook amid expectations of faster Bank of Japan policy tightening and growing bets that Japanese investors will repatriate funds, or bring overseas assets home.

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