US Treasury Secretary Bessent: Forex volatility is undesirable
US Treasury Secretary Scott Bessent said during the European trading session on Tuesday that he and Japan’s Prime Minister (PM) Sanae Takaichi both believe that forex volatility is undesirable.
Additional remarks
Discussed with PM Takaichi regarding President Trump's trip to Beijing.
Made no request to PM Takaichi regarding monetary policy.
In very close contact with Japan's finance ministry.
Discussed importance of US-Japan relationship with regard to Trump's China visit.
We both believe forex volatility is undesirable.
Japan economic fundamentals strong and resilient.
That will be reflected in exchange rates.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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