Atsushi Mimura, Vice Minister of Finance of Japan for International Affairs and the main currency official, said Thursday morning “that US did not discuss the levels of foreign exchange at the Meeting of Finance Ministers.”
Additional comments
He reaffirmed that the market should determine the exchange rate.
He does not believe that there is any gap in the US understanding.
Finance Minister Kato agreed with Besent that exchange rates should be established by markets.
Market reaction
USD/JPY It maintains its trade within the intact range near the levels of 143.50, now quoting to 143.31, lowering 0.31% in the day.
And in Japanese price today
The lower table shows the rate of change of Japanese Yen (JPY) compared to the main currencies today. Yen Japanese was the strongest currency against the New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.03% | -0.04% | -0.24% | -0.05% | -0.12% | 0.20% | -0.08% | |
| EUR | 0.03% | -0.01% | -0.23% | -0.02% | -0.09% | 0.24% | -0.05% | |
| GBP | 0.04% | 0.00% | -0.21% | -0.01% | -0.06% | 0.23% | -0.04% | |
| JPY | 0.24% | 0.23% | 0.21% | 0.19% | 0.15% | 0.44% | 0.16% | |
| CAD | 0.05% | 0.02% | 0.01% | -0.19% | -0.05% | 0.25% | -0.03% | |
| Aud | 0.12% | 0.09% | 0.06% | -0.15% | 0.05% | 0.31% | 0.02% | |
| NZD | -0.20% | -0.24% | -0.23% | -0.44% | -0.25% | -0.31% | -0.29% | |
| CHF | 0.08% | 0.05% | 0.04% | -0.16% | 0.03% | -0.02% | 0.29% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Japanese yen from the left column and move along the horizontal line to the US dollar, the percentage change shown in the picture will represent the JPY (base)/USD (quotation).
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.
