US Treasury Secretary Bessent. Excess FX volatility is undesirable.
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Treasury Secretary Bessent stated that discussions at the G7 finance meeting were constructive and expressed confidence in Bank of Japan Gov. Ueda's monetary policy guidance. He noted that 'excess' volatility in the Forex market is undesirable, highlighting strong fundamentals in the Japanese economy. The USDJPY is expected to move lower, with key downside targets at 158.599 and 158.478.
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