Yen Consolidates as Traders Await Bessent's Meetings -- Market Talk

Dow Jones05-12 07:46

2346 GMT - The yen consolidates against other G-10 and Asian currencies in morning session. U.S. Treasury Secretary Bessent has said he will meet with Prime Minister Takaichi and Finance Minister Katayama in Tokyo today. "The market is watching the U.S.'s stance closely," analysts of Nomura's FX Research team say in commentary. "A tolerant U.S. stance toward intervention and BOJ tightening could help make JPY strengthening efforts more effective and lasting," the analysts add. The U.S. dollar is little changed at 157.22 yen and the euro is flat at 185.20 yen, while the Australian dollar rises 0.2% to 113.90 yen, LSEG data show. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

May 11, 2026 19:46 ET (23:46 GMT)

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