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Japan’s Kato declines to say whether tariff was discussed with US Treasury Sec. Bessent

FXStreetJan 29, 2025 7:48 AM

Following his video conference with new US Treasury Secretary Scott Bessent on Wednesday, Japan’s Finance Minister Katsunobu Kato declined to say whether tariff was discussed.

Additional quotes

Confirmed close cooperation on forex.

Confirmed close cooperation in various issues discussed bilaterally, at G20.

Market reaction

USD/JPY recovers losses to trade near 155.35 following these comments, still down 0.17% on the day.

Japanese Yen PRICE Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Australian Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.14% -0.09% -0.08% 0.11% 0.30% 0.21% 0.13%
EUR -0.14%   -0.23% -0.21% -0.05% 0.16% 0.09% -0.01%
GBP 0.09% 0.23%   -0.02% 0.18% 0.38% 0.30% 0.21%
JPY 0.08% 0.21% 0.02%   0.18% 0.39% 0.28% 0.21%
CAD -0.11% 0.05% -0.18% -0.18%   0.20% 0.12% 0.03%
AUD -0.30% -0.16% -0.38% -0.39% -0.20%   -0.08% -0.17%
NZD -0.21% -0.09% -0.30% -0.28% -0.12% 0.08%   -0.09%
CHF -0.13% 0.01% -0.21% -0.21% -0.03% 0.17% 0.09%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).

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