Japanese Prime Minister (PM) Shigeru Ishiba said on Tuesday that “Japan is not pursuing so-called currency devaluation policy.”

Ishiba further noted that they “have had no phone call from US President Trump regarding forex policy.”

Market reaction

The Japanese Yen (JPY) is recovering some ground against the US Dollar (USD) following these comments. At the press time, USD/JPY is down 0.25% on the day at 149.11.

Related news

  • Japan's Kato: Country not using foreign exchange policy to weaken Yen
  • Japan’s government cuts FY25/26 Budget plan to JPY115.2 trillion
  • Japanese Yen strengthens further; USD/JPY seems vulnerable near 149.00

 

Source: Fxstreet