U.S.-Japan Finance Chiefs' Call Unlikely to Spark Joint Intervention -- Market Talk

Dow Jones06-23

0551 GMT - An online meeting between Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Scott Bessent overnight doesn't necessarily increase the chance of coordinated intervention to support the yen, says SMBC Nikko Securities strategist Makoto Noji. "As a consensus has already formed in the market that the U.S. will not take any action in response to the dollar's appreciation itself, even if the U.S. and Japanese finance chiefs hold a meeting, it would likely be interpreted merely as a move to seek understanding for a unilateral intervention by Japanese authorities," he says. Katayama said Tuesday both sides shared similar economic views. "We have a firm agreement to take decisive steps if needed," she said.(megumi.fujikawa@wsj.com)

 

(END) Dow Jones Newswires

June 23, 2026 01:51 ET (05:51 GMT)

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