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Trading news
22 May 2025
Japan’s Top FX Diplomat Mimura: US did not discuss FX levels at finance ministers' meeting
Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said early Thursday “ the US did not discuss FX levels at finance ministers' meeting.”
Additional comments
Reaffirmed that forex should be determined by the market.
Do not believe that there is any gap in understanding with the US.
Finance Minister Kato agreed with Bessent that FX rates should be set by markets.
Market reaction