The yen traded softly in the New York foreign exchange market. Treasury Secretary Bessent said he expected the Japanese government and Bank of Japan to take action that would lead to yen appreciation.
The yen is trading softly in the New York foreign exchange market. In an interview, US Treasury Secretary Bessent said he expected the Japanese government and Bank of Japan to take action supporting yen appreciation in connection with the coordinated yen-selling intervention by Japan and the United States to correct yen weakness.
Dollar-yen remained range-bound at ¥159.73, while euro-yen changed from ¥185.20 to ¥185.64 and pound-yen changed from ¥216.20 to ¥216.60, both edging higher.