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BoJ says there was no meeting held between the US Treasury Secretary Bessent and BoJ Governor Ueda

The BoJ's clarification on the absence of a meeting between the US Treasury Secretary and its Governor may ease market speculation regarding potential policy discussions or shifts in currency strategies.

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BoJ says there was no meeting held between the US Treasury Secretary Bessent and BoJ Governor Ueda

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European pre-market movers: ABN AMRO (ABN NA) +5.2%, Merck (MRK GY) +4.2%, Allianz (ALV GY) +1.1%, Deutsche Telekom (DTE GY) +1.1%, RWE (RWE GY) -0.8%, Siemens (SIE GY) -0.8%

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Context

This could imply stability in the JPY for now, though traders will remain attentive to future interactions and any implications for monetary policy coordination between the US and Japan. Overall, it reflects the BoJ's cautious stance in maintaining its current framework amidst global geopolitical tensions.

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