Japan’s Kato: Shared views on FX with US counterpart

Dhwani Mehta FXStreet

Japan’s Finance Minister Katsunobu Kato said on Wednesday that I “have shared views on FX with US counterpart.”

Kato further noted: I “have shared views with US counterpart that FX rates are determined by markets and excessive volatility negatively impacts the economy, financial stability.”

Market reaction

USD/JPY was last seen trading at 149.80, up 0.05% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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