On the issue of commercial conversations, the discussions of the Secretary of the US Treasury, Scott Besent, with Japan and South Korea seem to go well, says the FX analyst of ING, Chris Turner.
The USD/JPY can go back to the 145 zone
“Some kind of agreement could be achieved with South Korea next week. Conversations with Japan are in progress. In this space, we have mentioned the risk that commercial conversations could lead to some new monetary agreements (bassists for the dollar) consisting of the idea of a Mar-A-Lago agreement.”
“However, Japanese Minister of Finance, Katsunobu Kato, said yesterday that no currency objectives were discussed at meetings with Scott Besent. The USD/JPY has probably fallen enough for Washington for the moment and those responsible for US policies prefer some stability of the dollar and a recovery in the markets of shares instead of another explosion of volatility Monetary agreement could unleash. ”
“This news can be providing some support to the USD/JPY now, which could go back to the 145 zone before facing some new risks down next week.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
